In a zero-sum game, how do players adapt their strategies when facing opponents who are known to be irrational or unpredictable?

A zero sum game is a game where the sum of payouts is constant. A variable ... An informational asymmetry exists when one side knows more than the other in a ... ... zero-sum games. We provide a tractable characterization of distance and use ... The convergence to a countable information structure under value-based ... By the minmax theorem, this payoff is unique. Say that information structure μ is (weakly) better for maximizer than μ0, if there is no zero-sum game for which ... Apr 2, 2020 ... Formally, consider the following zero-sum game between the seller and nature, where nature seeks to minimize the seller's profit: • The seller's ... Mar 22, 2024 ... ... zero-sum game. Well, actually, a negative-sum game because we put a lot of resources into finding and trading on these alphas. In fact, Ken ... Jan 1, 1990 ... We formulate a parameterized family of linear quadratic two-person nonzero-sum stochastic differential games where the players are weakly ... The zero-sum game concept helps explain why indexing can be an attractive investment strategy. The theory states that the aggregate holdings of all investors in ... In a zero-sum stochastic game with signals (Repeated Games (2015). Cambridge Univ. Press, Chapter IV), at each stage, two adversary players. – Only one player has private information, and it does not change. – The game is two-player and zero-sum. – Each agent cares about their long-term average ... Oct 7, 2020 ... Thus, this is the equilibrium payoff of this zero-sum game. Proof of Theorem 2. Let v = MZ(u), and define a strategy σ of Designer 1 as follows.