Incomplete Information
Repeated games can include incomplete information. Repeated games with incomplete information, were pioneered by Aumann and Maschler. While it is easier to treat situation where one player is informed the other not, and when information received by each player is independent, it is possible to deal with zero-sum games with incomplete information on both sides and signals are not independent.
Read more about this topic: Repeated Game
Famous quotes containing the words incomplete and/or information:
“Someone once asked me why women don’t gamble as much as men do, and I gave the common-sensical reply that we don’t have as much money. That was a true but incomplete answer. In fact, women’s total instinct for gambling is satisfied by marriage.”
—Gloria Steinem (b. 1934)
“Many more children observe attitudes, values and ways different from or in conflict with those of their families, social networks, and institutions. Yet today’s young people are no more mature or capable of handling the increased conflicting and often stimulating information they receive than were young people of the past, who received the information and had more adult control of and advice about the information they did receive.”
—James P. Comer (20th century)