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Refinements of the Nash equilibrium concept differ in which indifferences between strategies they select for evaluation. In this paper, we suggest that "structural" indifferences, or indifferences that arise out of the structure of the payoffs of the game independently of opponents' strategies,...
Persistent link: https://www.econbiz.de/10005824640
Mailaith, Samuelson, and Swinkels (1992) introduce the normal form information set. Normal form information sets capture situations in which players can make certain decisions as if they knew their opponents' had chosen from a particular subset of their strategies. In this paper, we say that an...
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An informed advisor wishes to convey her valuable information to an uninformed decision maker with identical preferences. Thus she has a current incentive to truthfully reveal her information. But if the decision maker thinks the advisor might be biased in favor of one decision, and the advisor...
Persistent link: https://www.econbiz.de/10005252446
This paper presents a simple framework that allows us to survey and relate some different strands of the game theory literature. We describe a "canonical" way of adding incomplete information to a complete information game. This framework allows us to give a simple "complete theory"...
Persistent link: https://www.econbiz.de/10005252464