Ignorance Is Not Bliss

In This Chapter

  • Revisiting imperfect information
  • Breaking through the fog of incomplete information
  • Dealing with private information
  • Incorporating states of nature

Sometimes in real life it’s convenient to deliberately avoid obtaining certain information before you make a decision. But for most decisions, including those in game theory, it is truly a handicap not to be as fully informed as possible. This chapter explores the many ways information can be limited and what such limitations mean when playing games.

Perfect and Imperfect Information

I pointed out in Chapter 1 that everyday games like chess and tic-tac-toe ...

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