The folk theorem with imperfect public information in continuous time
研究了连续时间多人博弈中,玩家仅能观测到被布朗噪声扭曲的公共信号时的民间定理,为这类博弈提供了严格基础,并分析了行为策略与混合策略的关系。
We prove a folk theorem for multiplayer games in continuous time when players observe a public signal distorted by Brownian noise. The proof is based on a rigorous foundation for such continuous-time multiplayer games. We study in detail the relation between behaviour and mixed strategies, and the role of public randomization to move continuously across games within the same model.