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- W4287322571 abstract "We study zero-sum repeated games where the minimizing player has to pay a certain cost each time he changes his action. Our contribution is twofold. First, we show that the value of the game exists in stationary strategies, depending solely on the previous action of the minimizing player, not the entire history. We provide a full characterization of the value and the optimal strategies. The strategies exhibit a robustness property and typically do not change with a small perturbation of the switching costs. Second, we consider a case where the minimizing player is limited to playing simpler strategies that are completely history-independent. Here too, we provide a full characterization of the (minimax) value and the strategies for obtaining it. Moreover, we present several bounds on the loss due to this limitation." @default.
- W4287322571 created "2022-07-25" @default.
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- W4287322571 date "2021-02-26" @default.
- W4287322571 modified "2023-09-27" @default.
- W4287322571 title "Repeated Games with Switching Costs: Stationary vs History Independent Strategies" @default.
- W4287322571 doi "https://doi.org/10.48550/arxiv.2103.00045" @default.
- W4287322571 hasPublicationYear "2021" @default.
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