Learning from private information in noisy repeated games

Drew Fudenberg and Yuichi Yamamoto

Journal of Economic Theory, 2011, vol. 146, issue 5, 1733-1769

Abstract: We study the perfect type-contingently public ex-post equilibrium (PTXE) of repeated games where players observe imperfect public signals of the actions played, and both the payoff functions and the map from actions to signal distributions depend on an unknown state. The PTXE payoffs when players are patient are determined by the solutions to a family of linear programming problems. Using this characterization, we develop conditions under which play can be as if the players have learned the state. We provide a sufficient condition for the folk theorem, and a characterization of the PTXE payoffs in games with a known monitoring structure.

Keywords: Repeated; game; Public; monitoring; Incomplete; information; Perfect; public; equilibrium; Folk; theorem; Belief-free; equilibrium; Ex-post; equilibrium (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0022053111000226
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Learning from Private Information in Noisy Repeated Games (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:146:y:2011:i:5:p:1733-1769

Access Statistics for this article

Journal of Economic Theory is currently edited by A. Lizzeri and K. Shell

More articles in Journal of Economic Theory from Elsevier
Bibliographic data for series maintained by Catherine Liu ().