Simultaneous games with purchase of randomly supplied perfect information: Oracle Games

19 Feb 2020 Young Matthew J. Belmonte Andrew

We study the role of costly information in non-cooperative two-player games when an extrinsic third party information broker is introduced asymmetrically, allowing one player to obtain information about the other player's action. This broker or "oracle" is defined by a probability of response, supplying correct information randomly; the informed player can pay more for a higher probability of response... (read more)

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Categories


  • COMPUTER SCIENCE AND GAME THEORY
  • INFORMATION THEORY
  • INFORMATION THEORY