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Stochastic games

Author:
Solan, Eilon, Vieille, Nicolas
Source:
Proceedings of the National Academy of Sciences of the United States of America 2015 v.112 no.45 pp. 13743-13746
ISSN:
0027-8424
Subject:
dynamic models, games, stochastic processes
Abstract:
In 1953, Lloyd Shapley contributed his paper “Stochastic games” to PNAS. In this paper, he defined the model of stochastic games, which were the first general dynamic model of a game to be defined, and proved that it admits a stationary equilibrium. In this Perspective, we summarize the historical context and the impact of Shapley’s contribution.
Agid:
5179902