prices) by following the stochastic game theory model (Shapley, 1953). In this,
agents know which strategy to follow (i.e. which actions to take) to maximize the
expected payoff given the strategies of other agents. Given the heterogeneity in
information, computational capabilities, and risk preferences of agents, there is
uncertainty on the decision behavior of other agents. This inhibits rational
sequential decision making; the decisions of agents may change the underlying
structure of the decision problem (viability of certain options, the probability of
certain transitions, etc.) and the decisions of other agents cannot be anticipated.