# Markov strategy

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In game theory, a **Markov strategy** is one that depends only on state variables that summarize the history of the game in one way or another.^{[1]} For instance, a state variable can be the current play in a repeated game, or it can be any interpretation of a recent sequence of play.

A profile of Markov strategies is a Markov perfect equilibrium if it is a Nash equilibrium in every state of the game.

## References[edit]

**^**Fudenberg, Drew (1995).*Game Theory*. Cambridge, MA: The MIT Press. pp. 501–40. ISBN 0-262-06141-4.

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