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  2. John Harsanyi - Wikipedia

    en.wikipedia.org/wiki/John_Harsanyi

    He was the recipient of the Nobel Memorial Prize in Economic Sciences in 1994. Harsanyi is best known for his contributions to the study of game theory and its application to economics, specifically for his developing the highly innovative analysis of games of incomplete information, so-called Bayesian games.

  3. Repeated game - Wikipedia

    en.wikipedia.org/wiki/Repeated_game

    Repeated games can include some incomplete information. Repeated games with incomplete information were pioneered by Aumann and Maschler . [ 4 ] While it is easier to treat a situation where one player is informed and the other not, and when information received by each player is independent, it is possible to deal with zero-sum games with ...

  4. Ultimatum game - Wikipedia

    en.wikipedia.org/wiki/Ultimatum_game

    Incomplete information ultimatum games: Some authors have studied variants of the ultimatum game in which either the proposer or the responder has private information about the size of the pie to be divided. [55] [56] These experiments connect the ultimatum game to principal-agent problems studied in contract theory.

  5. Incomplete information network game - Wikipedia

    en.wikipedia.org/wiki/Incomplete_information...

    Consider a network game of local provision of public good [4] when agent's actions are strategic substitutes, (i.e. the benefit of the individual from undertaking a certain action is not greater if his partners undertake the same action) thus, in the case of strategic substitutes, equilibrium actions are non-increasing in player's degrees.

  6. Information set (game theory) - Wikipedia

    en.wikipedia.org/wiki/Information_set_(game_theory)

    In game theory, an information set represents all possible points (or decision nodes) in a game that a given player might be at during their turn, based on their current knowledge and observations. These nodes are indistinguishable to the player due to incomplete information about previous actions or the state of the game .

  7. Complete information - Wikipedia

    en.wikipedia.org/wiki/Complete_information

    In economics and game theory, complete information is an economic situation or game in which knowledge about other market participants or players is available to all participants. The utility functions (including risk aversion), payoffs, strategies and "types" of players are thus common knowledge .

  8. Microeconomics - Wikipedia

    en.wikipedia.org/wiki/Microeconomics

    The economics of information has recently become of great interest to many - possibly due to the rise of information-based companies inside the technology industry. [9] From a game theory approach, the usual constraints that agents have complete information can be loosened to further examine the consequences of having incomplete information.

  9. Information theory - Wikipedia

    en.wikipedia.org/wiki/Information_theory

    The landmark event establishing the discipline of information theory and bringing it to immediate worldwide attention was the publication of Claude E. Shannon's classic paper "A Mathematical Theory of Communication" in the Bell System Technical Journal in July and October 1948.