Markov perfect

Markov perfect

Markov perfect is a property of some Nash equilibria. A Markov perfect equilibrium is a profile of Markov strategies that yields a Nash equilibrium in every proper subgame.

References

* Fudenberg, Drew, and Jean Tirole. 1991, 1993. "Game Theory." MIT Press.
* [http://www.econterms.com/glossary.cgi?action=++Search++&query=Markov+perfect EconTerms - Glossary of economics research]


Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Markov perfect equilibrium — A solution concept in game theory Relationships Subset of Subgame perfect equilibrium Significance Proposed by …   Wikipedia

  • Markov strategy — In game theory, a Markov strategy is one that does not depend at all on state variables that are functions of the history of the game, except those that affect payoffs. In other words: a player playing a Markovian strategy, conditions his action… …   Wikipedia

  • Markov random field — A Markov random field, Markov network or undirected graphical model is a set of variables having a Markov property described by an undirected graph. A Markov random field is similar to a Bayesian network in its representation of dependencies. It… …   Wikipedia

  • List of mathematics articles (M) — NOTOC M M estimator M group M matrix M separation M set M. C. Escher s legacy M. Riesz extension theorem M/M/1 model Maass wave form Mac Lane s planarity criterion Macaulay brackets Macbeath surface MacCormack method Macdonald polynomial Machin… …   Wikipedia

  • Rock-paper-scissors — Roshambo redirects here. For the phonetically similar name and terms derived from it, see Rochambeau (disambiguation). For the bullying practice, see sack tapping. Rock paper scissors Rock paper scissors chart Years active Chinese Han Dynasty to… …   Wikipedia

  • Nash equilibrium — A solution concept in game theory Relationships Subset of Rationalizability, Epsilon equilibrium, Correlated equilibrium Superset of Evolutionarily stable strategy …   Wikipedia

  • Manipulated Nash equilibrium — MAPNASH A solution concept in game theory Relationships Subset of Nash equilibrium, Subgame perfect equilibrium Significance …   Wikipedia

  • Stackelberg competition — The Stackelberg leadership model is a strategic game in economics in which the leader firm moves first and then the follower firms move sequentially. It is named after the German economist Heinrich Freiherr von Stackelberg who published Market… …   Wikipedia

  • Cournot competition — is an economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide on independently of each other and at the same time. It is named after Antoine Augustin Cournot[1] …   Wikipedia

  • Complete information — is a term used in economics and game theory to describe an economic situation or game in which knowledge about other market participants or players is available to all participants. Every player knows the payoffs and strategies available to other …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”