The Monty Hall Problem as a Bayesian Game
This paper formulates the classic Monty Hall problem as a Bayesian game. Allowing Monty a small amount of freedom in his decisions facilitates a variety of solutions. The solution concept used is the Bayes Nash Equilibrium (BNE), and the set of BNE relies on Monty’s motives and incentives. We endow...
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| Format: | Article |
| Language: | English |
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MDPI AG
2017-07-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/8/3/31 |