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We define and analyze "strategic topologies" on types, under which two types are close if their strategic behavior will be similar in all strategic situations. To oper- ationalize this idea, we adopt interim rationalizability as our solution concept, and define a metric topology on types in the...
Persistent link: https://www.econbiz.de/10005779293
This paper proposes the solution concept of interim rationalizability, and shows that all type spaces that have the same hierarchies of beliefs have the same set of interim rationalizable outcomes. This solution concept characterizes common knowledge of rationality in the universal type space.
Persistent link: https://www.econbiz.de/10005478779
This paper discusses the implications of learning theory for the analysis of Bayesian games. One goal is to illuminate the issues that arise when modeling situations where players are learning about the distribution of Nature's move as well as learning about the opponents' strategies. A second...
Persistent link: https://www.econbiz.de/10005478817