Open-loop model
id:
open-loop-model-307-9336762
title:
Open-loop model
text:
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.
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Open-loop_model
date created:
date modified:
2023-04-19T06:31:35Z
main entity:
{"identifier":"Q7095707","url":"https://www.wikidata.org/entity/Q7095707"}
image:
fields total:
13
integrity:
13