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Knowledge, awareness and probabilistic beliefs
Sadzik, Tomasz - In: The B.E. journal of theoretical economics 21 (2021) 2, pp. 489-524
Persistent link: https://www.econbiz.de/10012593891
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Finite depth of reasoning and equilibrium play in games with incomplete information
Kets, Willemien - 2013
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
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Communication and Learning
Anderlini, Luca; Gerardi, Dino; Lagunoff, Roger - 2008
We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a …
Persistent link: https://www.econbiz.de/10014220427
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Learning Efficiency of Multi-Agent Information Structures
Frick, Mira; Iijima, Ryota; Ishii, Yuhta - 2021
at which players achieve approximate common knowledge of the state coincides with the slowest player’s speed of …
Persistent link: https://www.econbiz.de/10013215438
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Discovery and equilibrium in games with unawareness
Schipper, Burkhard - 2021
Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … process because players may discover novel actions during play. In this sense, many games with unawareness are "self … state there is an extensive-form game with unawareness that together with the players' play determines the transition to …
Persistent link: https://www.econbiz.de/10012509154
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Brown-von-Neumann-Nash dynamics : the continous strategy case
Hofbauer, Josef; Oechssler, Joerg; Riedel, Frank - 2005
In John Nash’s proofs for the existence of (Nash) equilibria based on Brouwer’s theorem, an iteration mapping is used. A continuous- time analogue of the same mapping has been studied even earlier by Brown and von Neumann. This differential equation has recently been suggested as a plausible...
Persistent link: https://www.econbiz.de/10003379104
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The impact of naive advice and observational learning in beauty-contest games
Kocher, Martin; Sutter, Matthias; Wakolbinger, Florian - 2007 - This version: January 24, 2007
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naive advice outperform uninformed subjects permanently, whereas...
Persistent link: https://www.econbiz.de/10009728176
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Hard bargains and lost opportunities
Binmore, Ken; Prouix, Chris; Samuelson, Larry; … - 1995
We examine an Outside Option Game in which player I submits a claim for a share of a cake while player II simultaneously either makes a claim or chooses to opt out. If player II opts out, then she receives an opt-out payment while player I receives nothing. If player II opts in and if the claims...
Persistent link: https://www.econbiz.de/10009693904
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Contagion and the emergence of convention in small worlds
Cartwright, Edward (contributor) - 2004 - [Elektronische Ressource]
We model a simple dynamic process in which boundedly rational agents learn through their interactions with others. Of interest is to study the process of contagion where by one action 'spreads throughout the population' and becomes conventional. We vary the network of player interaction between...
Persistent link: https://www.econbiz.de/10002435020
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The impact of naïve advice and observational learning in beauty-contest games
Kocher, Martin; Sutter, Matthias; Wakolbinger, Florian - 2007 - This version: January 24, 2007
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice outperform uninformed subjects permanently, whereas...
Persistent link: https://www.econbiz.de/10011350357