A mathematical analysis of the card game of betweenies through Kelly's criterion.
Drakakis, Konstantinos (2010)
Journal of Probability and Statistics
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Drakakis, Konstantinos (2010)
Journal of Probability and Statistics
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We survey results related to the problem of the existence of equilibria in some classes of infinitely repeated two-person games of incomplete information on one side, first considered by Aumann, Maschler and Stearns. We generalize this setting to a broader one of principal-agent problems. We also discuss topological results needed, presenting them dually (using cohomology in place of homology) and more systematically than in our earlier papers.