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Persistent link: https://www.econbiz.de/10009242993
The standard framework for analyzing games with incomplete information models players as if they have an infinite depth of reasoning, which is not always consistent with experimental evidence. This paper generalizes the type spaces of Harsanyi (1967-1968) so that players can have a finite depth...
Persistent link: https://www.econbiz.de/10009782099
Rationalizability is a central concept in game theory. Since there may be many rationalizable strategies, applications commonly use refinements to obtain sharp predictions. In an important paper, Weinstein and Yildiz (2007) show that no refinement is robust to perturbations of high-order...
Persistent link: https://www.econbiz.de/10011855899
Persistent link: https://www.econbiz.de/10003686538
Persistent link: https://www.econbiz.de/10003728507
Networks can have an important effect on economic outcomes. Given the complexity of many of these networks, agents will generally not know their structure. We study the sensitivity of game-theoretic predictions to the specification of players' (common) prior on the network in a setting where...
Persistent link: https://www.econbiz.de/10014225113