Markov strategy

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 of a period t only at his state at this given period. The lack of dependence upon the history is known in the theory of stochastic processes as Markov property.



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