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Alós-Ferrer, Carlos; Ritzberger, Klaus - In: Economic Theory 25 (2005) 4, pp. 763-798

whether a natural definition of a tree can be given, where nodes are sets of states. We show that, indeed, trees can be …

Persistent link: https://www.econbiz.de/10005370761

A Note on the Structural Notion of Information in Extensive Form Games

Pietarinen, Ahti - In: Quality & Quantity: International Journal of Methodology 37 (2003) 1, pp. 91-98

Persistent link: https://www.econbiz.de/10009391278

An Experimental Study of Adaptive Behavior in an Oligopolistic Market Game

Nagel, Rosemarie; Vriend, Nicolaas J. - University of Bonn, Germany - 1997

We consider an oligopolistic market game, in which the players are competing firms in the same market of a homogenous consumption good. The consumer side is represented by a fixed demand function. The firms decide how much to produce of a perishable consumption good, and they decide upon a...

Persistent link: https://www.econbiz.de/10004968232

Recall in extensive form games

Ritzberger, Klaus - In: International Journal of Game Theory 28 (1999) 1, pp. 69-87

This paper considers characterizations of perfect recall in extensive form games. It is shown that perfect recall can be expressed in terms of choices without any reference to infomation sets. When information sets are taken into account, it is decomposable into an ordering of information sets...

Persistent link: https://www.econbiz.de/10005598506

Player splitting in extensive form games

Vermeulen, Dries; Jansen, Mathijs; Monsuwé, Andrés Perea y - In: International Journal of Game Theory 29 (2000) 3, pp. 433-450

By a player splitting we mean a mechanism that distributes the information sets of a player among so-called agents. A player splitting is called independent if each path in the game tree contains at most one agent of every player. Following Mertens (1989), a solution is said to have the player...

Persistent link: https://www.econbiz.de/10005375578

An ascending double auction

Peters, Michael; Severinov, Sergei - In: Economic Theory 37 (2008) 2, pp. 281-306

Persistent link: https://www.econbiz.de/10005155495

The simple geometry of perfect information games

Demichelis, Stefano; Ritzberger, Klaus; Swinkels, Jeroen M. - In: International Journal of Game Theory 32 (2004) 3, pp. 315-338

Perfect information games have a particularly simple structure of equilibria in the associated normal form. For generic such games each of the finitely many connected components of Nash equilibria is contractible. For every perfect information game there is a unique connected and contractible...

Persistent link: https://www.econbiz.de/10005155732

Perfect Recall

Ritzberger, Klaus - University of Bonn, Germany - 1997

This paper considers characterizations of perfect recall in extensive form games. It is shown that perfect recall can be expressed entirely in terms of the choice partition without any reference to any information sets. When information sets are taken into account it is decomposable into an...

Persistent link: https://www.econbiz.de/10005085662

Algorithmic Characterization of Rationalizability in Extensive Form Games

Board, Oliver - Department of Economics, Oxford University - 2003

We construct a dynamic epistemic model for extensive form games, which generates a hierarchy of beliefs for each player over her opponents` strategies and beliefs, and tells us how those beliefs will be revised as the game proceeds. We use the model to analyze the implications of the assumption...

Persistent link: https://www.econbiz.de/10005051126

Generalized Binomial Trees

Jackwerth, Jens Carsten - Volkswirtschaftliche Fakultät, … - 1996

Black-Scholes formula and standard binomial trees can only accommodate one related European option which then effectively … specifies the volatility parameter. Implied binomial trees can accommodate only related European options with the same time …-to-expiration. The generalized binomial trees introduced here can accommodate any kind of related options (European, American, or exotic …

Persistent link: https://www.econbiz.de/10005835695