Markov strategy
In game theory, a Markov strategy is one that depends only on state variables that summarize the history of the game in one way or another.[1] For instance, a state variable can be the current play in a repeated game, or it can be any interpretation of a recent sequence of play.
A profile of Markov strategies is a Markov perfect Equilibrium if it is a Nash equilibrium in every state of the game.
References
This article is issued from Wikipedia - version of the 7/2/2013. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.