In the framework of dynamic programming we provide two results: (1) An example where uniform convergence of the "T"-stage value does not imply equality of the limit and the lower infinite value. (2) Generalized Tauberian theorems, that relate uniform convergence of the "T"-stage value to uniform...

In a general model of common-value second-price auctions with differential information, we show equivalence between the following characteristics of a bidder: (i) having a dominant strategy; (ii) possessing superior information; (iii) being immune from winner's curse. When a dominant strategy...

We study the Fictitious Play process with bounded and unbounded recall in pure coordination games for which failing to coordinate yields a payoff of zero for both players. It is shown that every Fictitious Play player with bounded recall may fail to coordinate against his own type. On the other...