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A discussion of maximin
Pruzhansky, Vitaly - 2004
This paper builds on one of the results of Pruzhansky [22], namely that maximin strategies guarantee the same expected payoffs as mixed Nash equilibrium strategies in bimatrix games. We present a discussion on the applicability of maximin strategies in such class of games. The usefulness of...
Persistent link: https://www.econbiz.de/10011334836
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Rationality
Denis, Andy - 2017
rational economic agent, a Homo economicus. Equally, the notion of rationality has been the focus of criticism from those … the neoclassical rational individual agent, in particular showing the supersession of the older conception of rationality … as maximisation by the newer version of rationality as consistency. In the older presentation of the matter, the agent …
Persistent link: https://www.econbiz.de/10012971674
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Rationality, Strategic Uncertainty and Belief Diversity in Non-Cooperative Games
Zambrano, Eduardo - 2015
I investigate the existence of epistemic models for complete information games that satisfy the following properties: (R) players do not rule out their opponents use rational ex ante strategies for deriving their choices, (K) they do not rule out, ex ante, that they can come to know the action...
Persistent link: https://www.econbiz.de/10012707988
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Rationalizability, observability, and common knowledge
Penta, Antonio; Zuazo-Garin, Peio - In: The review of economic studies : RES 89 (2022) 2, pp. 948-975
Persistent link: https://www.econbiz.de/10013188891
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Minimax Regret and Strategic Uncertainty
Renou, Ludovic - 2009
players are uncertain about the rationality and conjectures of their opponents. We provide several applications of our concept …
Persistent link: https://www.econbiz.de/10012720577
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Uncertain rationality and robustness in games with incomplete information
Germano, Fabrizio; Zuazo-Garin, Peio - 2015
Persistent link: https://www.econbiz.de/10011589577
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Uncertain rationality, depth of reasoning and robustness in games with incomplete information
Germano, Fabrizio; Weinstein, Jonathan; Zuazo-Garin, Peio - 2016
Persistent link: https://www.econbiz.de/10011686497
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Rationalizability, observability and common knowledge
Penta, Antonio; Zuazo-Garin, Peio - 2019
Persistent link: https://www.econbiz.de/10012102936
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Rationalizability, observability and common knowledge
Penta, Antonio; Zuazo-Garin, Peio - 2019
Persistent link: https://www.econbiz.de/10012110293
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Ordo-Responsibility - conceptual reflections towards a semantic innovation
Beckmann, Markus (contributor); Pies, Ingo (contributor) - 2006
Based on economic ethics, this paper reflects on and aims to improve the semantics of responsibility. The traditional concept of responsibility is threatened with erosion when responsibility is attributed to an actor who is unable to exercise individual control over the outcome of his actions....
Persistent link: https://www.econbiz.de/10011757357