Narrow search
Showing 1 - 10 of 93,323
Cover Image
Interactive unawareness
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard - 2005
-trivial unawareness among several individuals, and which satisfies strong properties of knowledge as well as all the desiderata on …
Persistent link: https://www.econbiz.de/10010366550
Cover Image
Bayesian repeated games and reputations
Forges, Françoise; Salomon, Antoine - 2014
Under appropriate assumptions (private values and uniform punishments), the Nash equilibria of a Bayesian repeated game without discounting are payoff-equivalent to tractable, completely revealing, equilibria and can be achieved as interim cooperative solutions of the initial Bayesian game. This...
Persistent link: https://www.econbiz.de/10010256693
Cover Image
Rational Information Disclosure in Games with Incomplete Information
Cappelletti, Giuseppe - 2010
, subsequently, takes an action that determines the utility of both. We assume full rationality, a certain degree of alignment of …
Persistent link: https://www.econbiz.de/10014191052
Cover Image
Mutual Knowledge of Rationality in the Electronic Mail Game
Takamiya, Koji; Tanaka, Akira - 2006
explicit the role of knowledge about rationality of players, not only that of payoff functions. For this purpose, we use an … bound order of mutual knowledge of rationality. This result implies that under common knowledge of rationality, the … desired coordination of actions even when a high order of mutual knowledge of payoff functions obtains. We want to make …
Persistent link: https://www.econbiz.de/10014059114
Cover Image
Unawareness, beliefs and games
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard - 2007
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are...
Persistent link: https://www.econbiz.de/10010365853
Cover Image
Interim correlated rationalizability
Dekel-Tabak, Eddie; Fudenberg, Drew; Morris, Stephen - In: Theoretical economics : TE ; an open access journal in … 2 (2007) 1, pp. 15-40
characterizes common certainty of rationality in the universal type space. …
Persistent link: https://www.econbiz.de/10011702628
Cover Image
Rationalizable partition-confirmed equilibrium
Fudenberg, Drew; Kamada, Yuichiro - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 3, pp. 775-806
extensive-form games, when rationality is common knowledge and players observe a partition of the terminal nodes. RPCE allows …
Persistent link: https://www.econbiz.de/10011673255
Cover Image
Prudent rationalizability in generalized extensive-form games with unawareness
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard - 2019 - This version: June 17, 2019
We define a cautious version of extensive-form rationalizability for generalized extensive- form games with unawareness that we call prudent rationalizability. It is an extensive-form analogue of iterated admissibility. In each round of the procedure, for each tree and each information set of a...
Persistent link: https://www.econbiz.de/10012101418
Cover Image
Endogenous public information and welfare
Vives, Xavier - 2011
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10009153832
Cover Image
Endogenous public information and welfare
Vives, Xavier - 2011
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10009259934