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Game Theory pp 61-210 | Cite as

Stochastic Games and Incomplete Information

  • Joachim Rosenmüller
Part of the Theory and Decision Library book series (TDLC, volume 25)

Abstract

Game Theory models the interaction of decision making between various economically active individuals which we call the players. If the influence of chance is present as well and we conceive a time dependent process on which the players decisions have an impact and from the behavior of which the players deduce payoffs, then we speak of a stochastic game. Or, in other words, a stochastic game is a multi personally controlled stochastic process.

Keywords

Nash Equilibrium Normal Form Incomplete Information Mixed Strategy Pure Strategy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 2000

Authors and Affiliations

  • Joachim Rosenmüller
    • 1
  1. 1.University of BielefeldGermany

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