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Open-loop model
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Open-loop model : ウィキペディア英語版
Open-loop model
In game theory, an open-loop model is the one where players cannot observe the play of their opponents, as opposed to a closed-loop model, where all past play is common knowledge. The solution to an open-loop model is called "open-loop equilibrium".
Open loop models are more tractable, which is why they are sometimes preferred to closed-loop models even when the latter is a better description of reality.
==References==

* Fudenberg, Drew and Levine, David K.: ''Open-Loop and Closed-Loop Equilibria in Dynamic Games with Many players'', Journal of Economic Theory 44, 1988.


抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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