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- W2152141825 abstract "We study repeated games with frequent actions and frequent imperfect public signals, where the signals are aggregates of many discrete events, such as sales or tasks. The high-frequency limit of the equilibrium set depends both on the probability law governing the discrete events and on how many events are aggregated into a single signal. When the underlying events have a binomial distribution, the limit equilibria correspond to the equilibria of the associated continuous-time game with diffusion signals, but other event processes that aggregate to a diffusion limit can have a different set of limit equilibria. Thus the continuous-time game need not be a good approximation of the high-frequency limit when the underlying events have three or more possible values." @default.
- W2152141825 created "2016-06-24" @default.
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- W2152141825 date "2009-02-01" @default.
- W2152141825 modified "2023-10-16" @default.
- W2152141825 title "Repeated Games with Frequent Signals<sup>*</sup>" @default.
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- W2152141825 doi "https://doi.org/10.1162/qjec.2009.124.1.233" @default.
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