Approachability with delayed information

David Lagziel and Ehud Lehrer

Journal of Economic Theory, 2015, vol. 157, issue C, 425-444

Abstract: We consider a sequential decision problem where the decision maker is informed of the actual payoff with delay. We introduce a new condition, which generalizes the condition given by Blackwell and ensures that the decision maker can approach a fixed closed and convex set under delay. We show how the convergence rate to the approachable set is sensitive to changes in the information lag and apply our approachability strategy to games with one-sided incomplete information and to regret-free strategies.

Keywords: Approachability; Delayed information; Imperfect and asymmetric information (search for similar items in EconPapers)
JEL-codes: C61 C72 D81 D82 D83 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:157:y:2015:i:c:p:425-444

DOI: 10.1016/j.jet.2015.01.010

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