To overcome this difficulty, we define an effective rate of transition after Defection, which we denote by KD . The transition rate KD(t) resulting from player A beginning to Defect at to induces a path of first order beliefs p(t), t agt; to: p(t) = p(*o) exp(- fanbsp;...
|Title||:||Private observations, communication and coordination in repeated games|
|Author||:||Olivier Compte, Stanford University. Dept. of Economics|