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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. 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.



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