Linde Institute/SISL Seminar: Ehud Kalai
A big game is repeatedly played by a large population of anonymous players. The game fundamentals and the set of players change with time and there is incomplete and imperfect information about the play.
Simple Big games admit natural myopic Markov perfect equilibria in which the proportion of unpredictable and potentially chaotic periods is limited.
Examples include social adaptation of technology and price stability in production games.