How can framing a situation as non-zero-sum potentially lead to better outcomes?

However, the local counterfactual for welfare is unique in two-player zero-sum games, as is shown in the Supplemental Appendix. Partially Observed Outcomes In ... In statistical decision theory, stochastic control theory, information theory, networked control, game theory, economics, quantum physics and computer science; ... Second, we show that finding a solution to the information design problem is equivalent to characterizing an equilibrium in a zero-sum game played by the. Jan 1, 1990 ... We formulate a parameterized family of linear quadratic two-person nonzero-sum stochastic differential games where the players are weakly ... In dynamic games, as the game progresses players acquire information ... The zero-sum game-theoretic approach to robust control allows the unknowns ... By contrast, we find that incomplete information games with scarce pri- vate information generate equilibrium outcomes that do not obtain in the complete infor-. 1. Page 2. of sets of equilibrium payoffs. Second –as we shall see– the value of information is positive for those games. A zero-sum game is described by a ... 5 Section 2 then illustrates the workings of cursed equilibrium in a simple zero-sum game of speculative trade. We describe how the cursed-equilibrium ... ... information game. Under such strategic settings, a dictator may implement ... Zero-Sum Games: Conflict At the Extreme. Show details Hide details. Frank C ... Nov 15, 2023 ... ... information asymmetry between players and some players will receive informative ... In a two-player zero-sum game with perfect information, the ...