Popis: |
In this paper an algebraic characterization of consistent assessments in extensive form games (in the sense of 3 , is given. As a corollary, we show that consistency can be characterized by so-called “simple” sequences of assessments. The algebraic characterization is used to develop an algorithm which computes the set of consistent assessments. Moreover, the geometrical structure of the set of consistent assessments is described: It turns out to be the intersection of a finite product of simplices with a finite number of logarithmic cones. Journal of Economic Literature Classification Number: 210. |