Imperfect Information Extensive Form Games

Similar documents
Repeated Games. ISCI 330 Lecture 16. March 13, Repeated Games ISCI 330 Lecture 16, Slide 1

Extensive Form Games: Backward Induction and Imperfect Information Games

Extensive Form Games and Backward Induction

Backward Induction. ISCI 330 Lecture 14. March 1, Backward Induction ISCI 330 Lecture 14, Slide 1

Extensive Form Games: Backward Induction and Imperfect Information Games

The extensive form representation of a game

Introduction to Game Theory

Lecture 9. General Dynamic Games of Complete Information

Games of Perfect Information and Backward Induction

Extensive-Form Games with Perfect Information

Backward Induction and Stackelberg Competition

Extensive Games with Perfect Information A Mini Tutorial

Multiagent Systems: Intro to Game Theory. CS 486/686: Introduction to Artificial Intelligence

Multiagent Systems: Intro to Game Theory. CS 486/686: Introduction to Artificial Intelligence

Game theory lecture 5. October 5, 2013

Lecture 5: Subgame Perfect Equilibrium. November 1, 2006

Dynamic Games of Complete Information

Sequential Games When there is a sufficient lag between strategy choices our previous assumption of simultaneous moves may not be realistic. In these

Mixed Strategies; Maxmin

Game Theory Refresher. Muriel Niederle. February 3, A set of players (here for simplicity only 2 players, all generalized to N players).

Multiagent Systems: Intro to Game Theory. CS 486/686: Introduction to Artificial Intelligence

Computational Methods for Non-Cooperative Game Theory

Dynamic Games: Backward Induction and Subgame Perfection

Repeated Games. Economics Microeconomic Theory II: Strategic Behavior. Shih En Lu. Simon Fraser University (with thanks to Anke Kessler)

International Economics B 2. Basics in noncooperative game theory

Computing Nash Equilibrium; Maxmin

Extensive Form Games. Mihai Manea MIT

ECO 199 B GAMES OF STRATEGY Spring Term 2004 B February 24 SEQUENTIAL AND SIMULTANEOUS GAMES. Representation Tree Matrix Equilibrium concept

Game Theory. Wolfgang Frimmel. Subgame Perfect Nash Equilibrium

Economics 201A - Section 5

MS&E 246: Lecture 15 Perfect Bayesian equilibrium. Ramesh Johari

G5212: Game Theory. Mark Dean. Spring 2017

Game Theory. 6 Dynamic Games with imperfect information

Dynamic games: Backward induction and subgame perfection

Minmax and Dominance

Introduction to Industrial Organization Professor: Caixia Shen Fall 2014 Lecture Note 6 Games and Strategy (ch.4)-continue

3 Game Theory II: Sequential-Move and Repeated Games

Analyzing Games: Mixed Strategies

Game Theory and Economics of Contracts Lecture 4 Basics in Game Theory (2)

1. Introduction to Game Theory

GAME THEORY: STRATEGY AND EQUILIBRIUM

Topic 1: defining games and strategies. SF2972: Game theory. Not allowed: Extensive form game: formal definition

NORMAL FORM GAMES: invariance and refinements DYNAMIC GAMES: extensive form

Chapter 13. Game Theory

CS510 \ Lecture Ariel Stolerman

Microeconomics II Lecture 2: Backward induction and subgame perfection Karl Wärneryd Stockholm School of Economics November 2016

Sequential games. Moty Katzman. November 14, 2017

Domination Rationalizability Correlated Equilibrium Computing CE Computational problems in domination. Game Theory Week 3. Kevin Leyton-Brown

The Mother & Child Game

Extensive Games with Perfect Information. Start by restricting attention to games without simultaneous moves and without nature (no randomness).

4/21/2016. Intermediate Microeconomics W3211. Lecture 20: Game Theory 2. The Story So Far. Today. But First.. Introduction

Game Theory Lecturer: Ji Liu Thanks for Jerry Zhu's slides

Strategies and Game Theory

Games in Extensive Form

Mohammad Hossein Manshaei 1394

GAME THEORY: ANALYSIS OF STRATEGIC THINKING Exercises on Multistage Games with Chance Moves, Randomized Strategies and Asymmetric Information

Weeks 3-4: Intro to Game Theory

Economics II: Micro Winter 2009 Exercise session 4 Aslanyan: VŠE

3-2 Lecture 3: January Repeated Games A repeated game is a standard game which isplayed repeatedly. The utility of each player is the sum of

1. Simultaneous games All players move at same time. Represent with a game table. We ll stick to 2 players, generally A and B or Row and Col.

SF2972: Game theory. Mark Voorneveld, February 2, 2015

CSCI 699: Topics in Learning and Game Theory Fall 2017 Lecture 3: Intro to Game Theory. Instructor: Shaddin Dughmi

Noncooperative Games COMP4418 Knowledge Representation and Reasoning

THEORY: NASH EQUILIBRIUM

Multiplayer Pushdown Games. Anil Seth IIT Kanpur

CHAPTER LEARNING OUTCOMES. By the end of this section, students will be able to:

ECON 282 Final Practice Problems

Appendix A A Primer in Game Theory

Perfect Bayesian Equilibrium

Introduction to Game Theory

EconS 424- Strategy and Game Theory Reputation and Incomplete information in a public good project How to nd Semi-separating equilibria?

Simple Decision Heuristics in Perfec Games. The original publication is availabl. Press

February 11, 2015 :1 +0 (1 ) = :2 + 1 (1 ) =3 1. is preferred to R iff

Non-Cooperative Game Theory

14.12 Game Theory Lecture Notes Lectures 10-11

2. The Extensive Form of a Game

Games in Extensive Form, Backward Induction, and Subgame Perfection:

final examination on May 31 Topics from the latter part of the course (covered in homework assignments 4-7) include:

EconS Backward Induction and Subgame Perfection

Elements of Game Theory

ECO 220 Game Theory. Objectives. Agenda. Simultaneous Move Games. Be able to structure a game in normal form Be able to identify a Nash equilibrium

Introduction to Game Theory

First Prev Next Last Go Back Full Screen Close Quit. Game Theory. Giorgio Fagiolo

Lecture 24. Extensive-Form Dynamic Games

EconS Sequential Move Games

1\2 L m R M 2, 2 1, 1 0, 0 B 1, 0 0, 0 1, 1

Normal Form Games: A Brief Introduction

Game Theory -- Lecture 6. Patrick Loiseau EURECOM Fall 2016

Game Theory and the Environment. Game Theory and the Environment

Signaling Games

8.F The Possibility of Mistakes: Trembling Hand Perfection

Resource Allocation and Decision Analysis (ECON 8010) Spring 2014 Foundations of Game Theory

Asynchronous Best-Reply Dynamics

INSTRUCTIONS: all the calculations on the separate piece of paper which you do not hand in. GOOD LUCK!

Advanced Microeconomics: Game Theory

Game Theory and Economics Prof. Dr. Debarshi Das Humanities and Social Sciences Indian Institute of Technology, Guwahati

Economics of Strategy (ECON 4550) Maymester 2015 Foundations of Game Theory

ECON 312: Games and Strategy 1. Industrial Organization Games and Strategy

Chapter 7, 8, and 9 Notes

LECTURE 26: GAME THEORY 1

Transcription:

Imperfect Information Extensive Form Games ISCI 330 Lecture 15 March 6, 2007 Imperfect Information Extensive Form Games ISCI 330 Lecture 15, Slide 1

Lecture Overview 1 Recap 2 Imperfect Information Extensive Form Games ISCI 330 Lecture 15, Slide 2

Subgame Perfection Define subgame of G rooted at h: the restriction of G to the descendents of H. Define set of subgames of G: subgames of G rooted at nodes in G s is a subgame perfect equilibrium of G iff for any subgame G of G, the restriction of s to G is a Nash equilibrium of G Notes: since G is its own subgame, every SPE is a NE. this definition rules out non-credible threats Imperfect Information Extensive Form Games ISCI 330 Lecture 15, Slide 3

Computing Subgame Perfect Equilibria Identify the equilibria in the bottom-most trees, and adopt these as one moves up the tree backward induction Imperfect Information Extensive Form Games ISCI 330 Lecture 15, Slide 4

Lecture Overview 1 Recap 2 Imperfect Information Extensive Form Games ISCI 330 Lecture 15, Slide 5

Intro Up to this point, in our discussion of extensive-form games we have allowed players to specify the action that they would take at every choice node of the game. This implies that players know the node they are in and all the prior choices, including those of other agents. We may want to model agents needing to act with partial or no knowledge of the actions taken by others, or even themselves. This is possible using imperfect information extensive-form games. each player s choice nodes are partitioned into information sets if two choice nodes are in the same information set then the agent cannot distinguish between them. Imperfect Information Extensive Form Games ISCI 330 Lecture 15, Slide 6

he set of actions at each choice node in an information set be the same (otherwise, th Recap layer would be able to distinguish the nodes). Thus, if I I i is an equivalence clas eexample can unambiguously use the notation χ(i) to denote the set of actions available layer i at any node in information set I. 1 L R 2 2 (1,1) A B 1 l r l r (0,0) (2,4) (2,4) (0,0) Figure 5.10 An imperfect-information game. What are the equivalence classes for each player? Consider The the imperfect-information pure strategies for each extensive-form player are a game choice shown of an in action Figure in 5.10. I his game, player 1 has two information sets: the set including the top choice node, an each equivalence class. he set including the bottom choice nodes. Note that the two bottom choice nodes he second information set have the same set of possible actions. We can regard play Imperfect Information Extensive Form Games ISCI 330 Lecture 15, Slide 7

Normal-form games 5 Reasoning and Computing with the Extensive We can represent any normal form game. 1 C D 2 c d c d (-1,-1) (-4,0) (0,-4) (-3,-3) Figure Note5.11 that it The would Prisoner s also bedilemma the samegame if we in put extensive player 2 form. at the root node. ecall that perfect-information games were not expressive enough to captu soner s Imperfect Dilemma Information Extensive game Formand Gamesmany other ones. In contrast, asisci is330 obvious Lecture 15, from Slide 8 th

Induced Normal Form Same as before: enumerate pure strategies for all agents Mixed strategies are just mixtures over the pure strategies as before. Nash equilibria are also preserved. Note that we are now able both to convert NF games to EF, and EF games to NF. Imperfect Information Extensive Form Games ISCI 330 Lecture 15, Slide 9