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]


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