We show that for many classes of symmetric two-player games, the simple decision rule 'imitate-if-better' can hardly be … game or a quasiconcave game. Our results apply to many interesting examples of symmetric games including 2 x 2 games …, Cournot duopoly, price competition, public goods games, common pool resource games, and minimum effort coordination games. …

Applying unawareness belief structures introduced in Heifetz, Meier, and Schipper (2012), we develop Bayesian games … higher awareness levels and restricted from higher to lower awareness levels. We apply Bayesian games with unawareness to … relationship between standard Bayesian games and Bayesian games with unawareness. …

equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a … fourth strategy, Dumb. Nash equilibrium places a weight of 1/2 on Dumb in both games, but the TASP places no weight on Dumb …

local municipalities do not have a higher probability of getting work early after arrival. …

In the history of economic thought, Shackle was one of the representative critics about probability based economic … probability. In 1980s, the potential surprise is axiomatized by Katzner as Kolmogorov-styled measure defined on the &#x1d70e …

awareness-dependent subject expected utility and assigns probability zero to some subsets of states that are not necessarily … events. We discuss in what sense probability zero can model unawareness. …

graphing tools are used, such as, probability paper and different specifications of exponential functions representing … cumulative probability distributions. The argument is that traditional time-series analysis implies a given universe, usually …

generally guided by call-put option pricing models - which rely on an ergodic notion of probability that conforms to a normal … distribution function. This paper considers critiques of the above models, which include Keynes's Treatise on Probability (1921 … of probability. …