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We define and analyze a "strategic topology'' on types in the Harsanyi-Mertens-Zamir universal type space, where two types are close if their strategic behavior is similar in all strategic situations. For a fixed game and action define the distance between a pair of types as the difference...
Persistent link: https://www.econbiz.de/10011703019
We study the robustness of interim correlated rationalizability to perturbations of higher-order beliefs. We introduce a new metric topology on the universal type space, called uniform weak topology, under which two types are close if they have similar first-order beliefs, attach similar...
Persistent link: https://www.econbiz.de/10011695239
We study the robustness of interim correlated rationalizability to perturbations of higher-order beliefs. We introduce a new metric topology on the universal type space, called uniform weak topology, under which two types are close if they have similar first-order beliefs, attach similar...
Persistent link: https://www.econbiz.de/10014202241
We define and analyze a "strategic topology" on types in the Harsanyi-Mertens-Zamir universal type space, where two types are close if their strategic behavior is similar in all strategic situations. For a fixed game and action define the distance between a pair of types as the difference...
Persistent link: https://www.econbiz.de/10003780874
We define and analyze strategic topologies on types, under which two types are close if their strategic behavior will be similar in all strategic situations. To operationalize this idea, we adopt interim rationalizability as our solution concept, and define a metric topology on types in the...
Persistent link: https://www.econbiz.de/10014062515
We furnish conditions on the primitives of a Bayesian game that guarantee the existence of a Bayes-Nash equilibrium. By allowing for payoff discontinuities in actions, we cover various applications that cannot be handled by extant results.
Persistent link: https://www.econbiz.de/10011397925
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Conventionally, game theory predicts that the joint mixed strategy of players in a noncooperative game will satisfy some equilibrium concept. Relative probabilities of the joint strategies satisfying the concept are unspecified, and all strategies not satisfying it are assigned probability zero....
Persistent link: https://www.econbiz.de/10014216189