Generalized Backward Induction: Justification for a Folk Algorithm
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DOI: 10.3390/g10030034
Abstract: I introduce axiomatically infinite sequential games that extend Kuhn’s classical framework. Infinite games allow for (a) imperfect information, (b) an infinite horizon, and (c) infinite action sets. A generalized backward induction (GBI) procedure is defined… read more here.
Keywords: infinite games; generalized backward; induction justification; justification folk ... See more keywords
Anticipated Generalized Backward Doubly Stochastic Differential Equations
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DOI: 10.3390/sym14010114
Abstract: In this paper, we explore a new class of stochastic differential equations called anticipated generalized backward doubly stochastic differential equations (AGBDSDEs), which not only involve two symmetric integrals related to two independent Brownian motions and… read more here.
Keywords: backward doubly; doubly stochastic; stochastic differential; generalized backward ... See more keywords