A formula for the value of a stochastic game [Economic Sciences]

In 1953, Lloyd Shapley defined the model of stochastic games, which were the first general dynamic model of a game to be defined, and proved that competitive stochastic games have a discounted value. In 1982, Jean-François Mertens and Abraham Neyman proved that competitive stochastic games admit a robust solution concept,...

Source: Proceedings of the National Academy of Sciences - December 25, 2019 Category: Science Authors: Luc Attia, Miquel Oliu-Barton Tags: PNAS Plus Source Type: research