Mertens's asymptotic value conjecture for zero-sum repeated games

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Let a finite two-person zero-sum repeated game have values vnv_n for its nn-stage games and vλv_{\lambda} for its λ\lambda-discounted games, where n∈N∗n\in\mathbb{N}^* and λ∈(0,1]\lambda\in(0,1]. Mertens's asymptotic value conjecture. In a zero-sum repeated game, the asymptotic value exists:

lim⁡n→+∞vnandlim⁡λ→0vλ\lim_{n\rightarrow +\infty}v_n\quad\text{and}\quad\lim_{\lambda\rightarrow 0}v_{\lambda}

exist and are equal. This conjecture concerns the agreement between long-horizon Cesaro and Abel evaluations; the source does not provide evidence resolving it.

References

Primary source

Bruno Ziliotto, “Zero-sum repeated games: Counterexamples to the existence of the asymptotic value and the conjecture maxmin=limv_n”, arXiv:1305.4778 (2016).

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