Before revision:  In each periodeach player chooses any probability distribution with support on 0, 1 with a given mean, where the mean is the realized value of the draw from the previous period. The player with the highest realization in the period achieves a payoff of 1, and the other player, 0; and each player seeks to maximize the discounted sum of his per-period payoffs over the whole time horizon .
After revision:  In each periodeach player chooses any probability distribution with support on 0, 1 Each period, each seller provides information via a Blackwell experiment to a single short-lived buyer, who buys from the seller whose product has the highest expected quality .