Narrow search
Showing 1 - 10 of 144
Cover Image
Unawareness, Beliefs and Games
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - University of Bonn, Germany - 2007
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are … desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define … restricted from higher to lower awareness levels. We use our unawareness belief structure to show that the common prior …
Persistent link: https://www.econbiz.de/10004968356
Cover Image
A Canonical Model for Interactive Unawareness
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - University of Bonn, Germany - 2005
Heifetz, Meier and Schipper (2005) introduced a generalized state-space model that allows for non-trivial unawareness …
Persistent link: https://www.econbiz.de/10004968416
Cover Image
Interactive Unawareness and Speculative Trade
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - University of Bonn, Germany - 2003
The standard state-spaces of asymmetric information preclude non- trivial forms of unawareness (Dekel, Lipman and … Rustichini, 1998). We introduce a generalized state-space model that allows for non-trivial unawareness among several individuals …, and which satisfies strong properties of knowledge as well as all the desiderata on unawareness proposed this far in the …
Persistent link: https://www.econbiz.de/10004968454
Cover Image
Learning to signal in markets
N; oumlldeke, Georg; Samuelson, Larry - University of Bonn, Germany - 1994
We formulate a dynamic learning-and-adjustment model of a market in which sellers choose signals that potentially reveal their types. If the dynamic process selects a unique limiting outcome, then that outcome must be an undefeated equilibrium; though to be undefeated does not suffice to be the...
Persistent link: https://www.econbiz.de/10004968265
Cover Image
Structural indifference in normal form games
Mailath, George; Samuelson, Larry; Swinkels, Jeroen - University of Bonn, Germany
Persistent link: https://www.econbiz.de/10005032145
Cover Image
Evolutionary Dynamics on Infinite Strategy Spaces
Oechssler, Joerg; Riedel, Frank - University of Bonn, Germany - 1999
The study of evolutionary dynamics was so far mainly restricted to finite strategy spaces. In this paper we show that this unsatisfying restriction is unnecessary. We specify a simple condition under which the continuous time replicator dynamics are well defined for the case of infinte strategy...
Persistent link: https://www.econbiz.de/10004968123
Cover Image
Hard Bargaining and Lost Opportunities
Binmore, Ken; Proulx, Chris; Samuelson, Larry; … - University of Bonn, Germany - 1995
We examine an Outside Option Game in which player I submits a claim for a share of a cake while player II simultaneously either makes a claim or chooses to opt out. If player II opts out, then she receives an opt-out payment while player I receives nothing. If player II opts in and if the claims...
Persistent link: https://www.econbiz.de/10004968320
Cover Image
Brown-von Neumann-Nash Dynamics: The Continuous Strategy Case
Hofbauer, Josef; Oechssler, Jörg; Riedel, Frank - University of Bonn, Germany - 2005
In John Nash’s proofs for the existence of (Nash) equilibria based on Brouwer’s theorem, an iteration mapping is used. A continuous—time analogue of the same mapping has been studied even earlier by Brown and von Neumann. This differential equation has recently been suggested as a...
Persistent link: https://www.econbiz.de/10004968428
Cover Image
On the Dynamic Foundation of Evolutionary Stability in Continuous Models
Oechssler, Jörg; Riedel, Frank - University of Bonn, Germany - 2000
We show in this paper that none of the existing static evolutionary stability concepts (ESS, CSS, uninvadability, NIS) is sufficient to guarantee dynamic stability in the weak topology with respect to standard evolutionary dynamics if the strategy space is continuous. We propose a new concept,...
Persistent link: https://www.econbiz.de/10004968463
Cover Image
Evolution and Correlated Equilibrium
Koch, Lars - University of Bonn, Germany - 2008
We show that a set of outcomes outside the convex hull of Nash equilibria can be asymptotically stable with respect to convex monotonic evolutionary dynamics. Boundedly rational agents receive signals and condition the choice of strategies on the signals. A set of conditional strategies is...
Persistent link: https://www.econbiz.de/10004968465