Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10005332636
Persistent link: https://www.econbiz.de/10005333050
In Bayesian environments with private information, as described by the types of Harsanyi, how can types of agents be (statistically) disassociated from each other and how are such disassociations reflected in the agents' knowledge structure? Copyright 2009 The Econometric Society.
Persistent link: https://www.econbiz.de/10005024285
Persistent link: https://www.econbiz.de/10005699868
Subjective utility maximizers, in an infinitely repeated game, will learn to predict opponents' future strategies and will converge to play according to a Nash equilibrium of the repeated game. Players' initial uncertainty is placed directly on opponents' strategies and the above result is...
Persistent link: https://www.econbiz.de/10005699904
A probability distribution governing the evolution of a stochastic process has infinitely many Bayesian representations of the form mu = integral operator [subscript theta] mu[subscript theta] delta lambda (theta). Among these, a natural representation is one whose components (mu[subscript...
Persistent link: https://www.econbiz.de/10005702426
Persistent link: https://www.econbiz.de/10005702438
Finite complexity strategies suffice for approximating all subgame perfect equ ilibrium payoffs of repeated games. Generically, at such equilibria, no player's complexity exceeds the product of his opponents' complexi ties. Also, no player's memory exceeds the maximal memory of his oppo nents....
Persistent link: https://www.econbiz.de/10005231348
Persistent link: https://www.econbiz.de/10005231416
Persistent link: https://www.econbiz.de/10005231561