Trees and extensive forms |
| |
Authors: | Carlos Alós-Ferrer Klaus Ritzberger |
| |
Institution: | a University of Konstanz, Department of Economics, Box 150, D-78457 Konstanz, Germany b Vienna Graduate School of Finance and Institute for Advanced Studies, Department of Economics and Finance, Stumpergasse 56, A-1060 Vienna, Austria |
| |
Abstract: | This paper addresses the question of what it takes to obtain a well-defined extensive form game. Without relying on simplifying finiteness or discreteness assumptions, we characterize the class of game trees for which all pure strategy combinations induce unique outcomes. The generality of the set-up covers “exotic” cases, like stochastic games or decision problems in continuous time (differential games). We find that the latter class, though a well-defined problem, fails this test. |
| |
Keywords: | C72 D70 |
本文献已被 ScienceDirect 等数据库收录! |
|