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rationalizable (ICR) actions, are robust to higher-order belief misspecifications. This paper extends their robustness analysis to … solution concept for games with incomplete information. We first confirm the robustness of the ICR predictions to small …
Persistent link: https://www.econbiz.de/10011195695
rationalizable (ICR) actions, are robust to higher-order belief misspecifications. This paper extends their robustness analysis to … solution concept for games with incomplete information. We first confirm the robustness of the ICR predictions to small …
Persistent link: https://www.econbiz.de/10011196334
Predictions under common knowledge of payoffs may differ from those under arbitrarily, but finitely, many orders of mutual knowledge; Rubinstein's (1989)Email game is a seminal example. Weinstein and Yildiz (2007) showed that the discontinuity in the example generalizes: for all types with...
Persistent link: https://www.econbiz.de/10012215306
Persistent link: https://www.econbiz.de/10011607371
Persistent link: https://www.econbiz.de/10011589577
Predictions under common knowledge of payoffs may differ from those under arbitrarily, but finitely, many orders of mutual knowledge; Rubinstein's (1989)Email game is a seminal example. Weinstein and Yildiz (2007) showed that the discontinuity in the example generalizes: for all types with...
Persistent link: https://www.econbiz.de/10012159030
Persistent link: https://www.econbiz.de/10011686497