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Du, Songzi - Volkswirtschaftliche Fakultät, … - 2008

In this note we characterize the strategic implication of intrinsic correlation, introduced by Brandenburger and Friedenberg (2008), in the subjective correlated equilibrium setting of a complete information game. Intrinsic correlation restricts correlation devices to variables within the game,...

Persistent link: https://www.econbiz.de/10005668411

Periodic strategies and rationalizability in perfect information 2-Player strategic form games

Oikonomou, V.K.; Jost, J - Volkswirtschaftliche Fakultät, … - 2013

epistemic analysis of the rationalizability concept of Bernheim and Pearce. We analyze in detail the pure strategies and mixed …

Persistent link: https://www.econbiz.de/10011110562

On the (Non)-Lattice Structure of Equilibrium Sets in Games with Strategic Substitutes

Roy, Sunanda - 2020

such models is a non-empty, complete lattice, if, and only if, there is a unique equilibrium. Indeed, for a given parameter … the lattice structure of the equilibrium set do not apply to such models. Moreover, there are no ranked equilibria in such …

Persistent link: https://www.econbiz.de/10012824357

Individual Learning : Theory Formation, and Feedback in a Complex Task

Lanteri, Alessandro; Novarese, Marco - 2007

We present an experiment for the study of learning in a complex task which requires both memorisation and the ability to process several pieces of information. The outcome of an action, for which immediate feedback is given, depends on the context (i.e. one of thirty-two sequences of three...

Persistent link: https://www.econbiz.de/10014223185

On the Strategic Impact of an Event under Non-Common Priors

Oyama, Daisuke; Tercieux, Olivier - Volkswirtschaftliche Fakultät, … - 2005

This paper studies the impact of a small probability event on strategic behavior in incomplete information games with non-common priors. It is shown that the global impact of a small probability event (i.e., its propensity to affect strategic behavior at all states in the state space) has an...

Persistent link: https://www.econbiz.de/10005837461

Interim Partially Correlated Rationalizability

Tang, Qianfeng - Volkswirtschaftliche Fakultät, … - 2010

correlated rationalizability for games with incomplete information. We argue that the distinction between this solution concept … and the interim correlated rationalizability studied by Dekel, Fudenberg and Morris (2007) is fundamental, in that the … partially correlated rationalizability if and only if they have the same infinite hierarchy of beliefs over conditional beliefs …

Persistent link: https://www.econbiz.de/10008728075

Comment: The Identification Power of Equilibrium in Simple Games

Aguirregabiria, Victor - Volkswirtschaftliche Fakultät, … - 2008

Markov Perfect Equilibrium (MPE) with weaker conditions such as rational behavior and rationalizability. The identification …

Persistent link: https://www.econbiz.de/10005034988

Beliefs and rationalizability in games with complementarities

Mathevet, Laurent - Volkswirtschaftliche Fakultät, … - 2012

uniqueness results and allow to study rationalizability in new environments. We provide applications to supermodular mechanism …

Persistent link: https://www.econbiz.de/10009422003

A Comparative Study of Various Inclusive Indices and the Index Constructed by the Principal Components Analysis

Mishra, SK - Volkswirtschaftliche Fakultät, … - 2007

Construction of (composite) indices by the PCA is very common, but this method has a preference for highly correlated variables to the poorly correlated variables in the data set. However, poor correlation does not entail the marginal importance, since correlation coefficients among the...

Persistent link: https://www.econbiz.de/10005790180

Measurement Error in Monetary Aggregates: A Markov Switching Factor Approach

Barnett, William A.; Chauvet, Marcelle; Tierney, … - Volkswirtschaftliche Fakultät, … - 2008

inferences’ policy relevance, which is particularly dramatic at the broadest (M3) level of aggregation. Indeed, as Belongia (1996 …

Persistent link: https://www.econbiz.de/10005790300