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Persistent link: https://www.econbiz.de/10010993376
Consider a very simple class of (finite) games: after an initial move by nature, each player makes one move. Moreover, the players have common interests: at each node, all the players get the same payoff. We show that the problem of determining whether there exists a joint strategy where each...
Persistent link: https://www.econbiz.de/10005375638
Persistent link: https://www.econbiz.de/10005755697
Samet introduced a notion of hypothetical knowledge and showed how it could be used to capture the type of counterfactual reasoning necessary to force the backwards induction solution in a game of perfect information. He argued that while hypothetical knowledge and the extended information...
Persistent link: https://www.econbiz.de/10005375527
One approach to representing knowledge or belief of agents, used by economists and computer scientists, involves an infinite hierarchy of beliefs. Such a hierarchy consists of an agent's beliefs about the state of the world, his beliefs about other agents' beliefs about the world, his beliefs...
Persistent link: https://www.econbiz.de/10005598431