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Harsanyi. We prove an extension of the Purification Theorem for 2x2 normal form games. Our result implies that any Ellsberg …
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. We also discuss the purification of equilibria in the spirit of Harsanyi. …
Persistent link: https://www.econbiz.de/10011806882
. We also discuss the purification of equilibria in the spirit of Harsanyi. …
Persistent link: https://www.econbiz.de/10011621734
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In the standard formulation of game theory, agents use mixed strategies in the form of objective and probabilistically precise devices to conceal their actions. We introduce the larger set of probabilistically imprecise devices and study the consequences for the basic results on normal form...
Persistent link: https://www.econbiz.de/10010865833
The paper generalizes Kuhn's Theorem to extensive form games in which players condition their play on the realization of ambiguous randomization devices and use a maxmin decision rule to evaluate the consequences of their decisions. It proves that ambiguous behavioral and ambiguous mixed...
Persistent link: https://www.econbiz.de/10010787028
The paper generalizes Kuhn's Theorem to extensive form games in which players condition their play on the realization of ambiguous randomization devices and use a maxmin decision rule to evaluate the consequences of their decisions. It proves that ambiguous behavioral and ambiguous mixed...
Persistent link: https://www.econbiz.de/10010427187
Persistent link: https://www.econbiz.de/10011741122
Persistent link: https://www.econbiz.de/10010393560