Real world players often increase their payoþs by voluntarily committing to play a .xed strategy, prior to the start of a strategic game. In fact, the players may further bene.t from commitments that are conditional on the commitments of others. This paper proposes a model of conditional...

Two players are about to play a discounted infinitely repeated bimatrix game. Each player knows his own payoff matrix and chooses a strategy which is a best response to some private beliefs over strategies chosen by his opponent. If both players' beliefs contain a grain of truth (each assigns...

Each of n players, in an infinitely repeated game, starts with subjective beliefs about his opponents' strategies. If the individual beliefs are compatible with the true strategies chose, then Bayesian updating will lead in the long run to accurate prediction of the future of play of the game....

At a private-beliefs equilibrium of an n-person infinitely repeated game with discounting, each player maximizes his expected payoff relative to some private, possibly false, belief regarding the strategies chosen by his opponents. Moreover, the probability distribution induced over the observed...

A player's strategy, for an n-person infinitely repeated game with discounting, is subjectively rational if it is a best response to his individual beliefs regarding opponents' strategies. A vector of such strategies is a subjective equilibrium if the play induced by it is realization equivalent...

We study merging, in a few senses, of two measures when increasing sequence of information is observed. Motivating this extension of Blackwell and Dubins' (1962) work, are studies of convergence to equilibrium in infinite games and in dynamic economies.

Under the rational expectation s assumption of Muth, economic agents use their perfect knowledge of the distribution of future prices to compute optimal current actions. In private forecasts equilibrium, intorduced here, agents use subjective in accurate forecasts about future prices to compute...

Applying the concepts of Nash, Bayesian or correlated equilibrium to analysis of strategic interaction, requires that players possess objective knowledge of the game and opponents' strategies. Such knowledge is often not available. The proposed notions of subjective games, and subjective Nash...