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Uncertain rationality, depth of reasoning and robustness in games with incomplete information

Germano, Fabrizio; Weinstein, Jonathan; Zuazo-Garin, Peio - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 1, pp. 89-122

unique rationalizable action. This paper studies how a wide class of departures from common belief in rationality impact … attach to (n- 1)th-order belief in rationality. We find that Weinstein and Yildiz's discontinuity remains when λn is above an … appropriate threshold for all n, but fails when λn converges to 0. That is, if players' confidence in mutual rationality persists …

Persistent link: https://www.econbiz.de/10012159030

A Note on the Ultimatum Paradox, Bounded Rationality, and Uncertainty

Webster, Thomas Joseph - 2019

interpretation that the utility functions of takers are characterized by bounded rationality and the objective of givers is to offer …

Persistent link: https://www.econbiz.de/10012905908

Strategies under strategic uncertainty

Mass, Helene - 2018

rationality and eliminate all strategies which are not rationalizable. Second, I apply the maximin expected utility criterion …

Persistent link: https://www.econbiz.de/10011946016

A Discussion of Maximin

Pruzhansky, Vitaly - 2004

This paper builds on one of the results of Pruzhansky [22], namely that maximin strategies guarantee the same expected payoffs as mixed Nash equilibrium strategies in bimatrix games. We present a discussion on the applicability of maximin strategies in such class of games. The usefulness of...

Persistent link: https://www.econbiz.de/10010325282

Rationality, Strategic Uncertainty and Belief Diversity in Non-Cooperative Games

Zambrano, Eduardo - 2015

I investigate the existence of epistemic models for complete information games that satisfy the following properties: (R) players do not rule out their opponents use rational ex ante strategies for deriving their choices, (K) they do not rule out, ex ante, that they can come to know the action...

Persistent link: https://www.econbiz.de/10012707988

Strategic uncertainty aversion in bargaining : experimental evidence

Greiner, Ben - In: Journal of economic psychology : research in economic … 95 (2023), pp. 1-16

Persistent link: https://www.econbiz.de/10014276945

Uncertain rationality, depth of reasoning and robustness in games with incomplete information

Germano, Fabrizio; Weinstein, Jonathan; Zuazo-Garin, Peio - 2016

Persistent link: https://www.econbiz.de/10011686497

Uncertain rationality, depth of reasoning and robustness in games with incomplete information

Germano, Fabrizio; Weinstein, Jonathan; Zuazo-Garin, Peio - 2016

Persistent link: https://www.econbiz.de/10011607371

On the structure of rationalizability for arbitrary spaces of uncertainty

Penta, Antonio - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 2, pp. 405-430

for some arbitrarily close type. Hence, refinements of rationalizability are not robust. This negative result is obtained … rationalizability when arbitrary common knowledge assumptions are relaxed (i.e., without assuming richness). For arbitrary spaces of …

Persistent link: https://www.econbiz.de/10011686699

Salience and strategy choice in 2 × 2 games

Leland, Jonathan W.; Schneider, Mark - In: Games 6 (2015) 4, pp. 521-559

We present a model of boundedly rational play in single-shot 2 × 2 games. Players choose strategies based on the perceived salience of their own payoffs and, if own-payoff salience is uninformative, on the perceived salience of their opponent's payoffs. When own payoffs are salient, the model's...

Persistent link: https://www.econbiz.de/10011383906