A note on repeated games with non-monotonic value

A note on repeated games with non-monotonic value

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Article ID: iaor19982896
Country: Germany
Volume: 26
Issue: 2
Start Page Number: 229
End Page Number: 234
Publication Date: Jan 1997
Journal: International Journal of Game Theory
Authors:
Abstract:

We show that even when the information structure is independent of the state of nature, the value of the n-stage zero-sum game with incomplete information is not necessarily monotonic with respect to the length of the game. More precisely, we give an example of such an n-stage game in which V1>V2<V3.

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