On the Max Min Value of Stochastic Games with Imperfect Monitoring

  • 1 January 2001
    • preprint
    • Published in RePEc
Abstract
We study finite zero-sum stochastic games in which players do not observe the actions of their opponent. Rather, at each stage, each player observes a stochastic signal that may depend on the current state and on the pair of actions chosen by the players. We assume that each player observes the state and his/her own action. We prove that the uniform max-min value always exists. Moreover, the uniform max-min value is independent of the information structure of player 2. Symmetric results hold for the uniform min-max value. (This abstract was borrowed from another version of this item.)
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