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I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the other players' strategies. I propose a new decision criterion which works in two steps. First, I assume common knowledge of rationality and eliminate all strategies which are not...
Persistent link: https://www.econbiz.de/10011946016
Predictions under common knowledge of payoffs may differ from those under arbitrarily, but finitely, many orders of mutual knowledge; Rubinstein's (1989)Email game is a seminal example. Weinstein and Yildiz (2007) showed that the discontinuity in the example generalizes: for all types with...
Persistent link: https://www.econbiz.de/10012159030
Persistent link: https://www.econbiz.de/10009572165
We characterize full implementation of social choice sets in mixedstrategy Bayesian equilibrium. Our results concern … both exact and virtual mixed implementation. For exact implementation, we identify a strengthening of Bayesian monotonicity …, mixed Bayesian implementation is equivalent to mixed Bayesian monotonicity, incentive compatibility and closure. For …
Persistent link: https://www.econbiz.de/10010284058
Persistent link: https://www.econbiz.de/10011385791
This paper proposes the solution concept of interim correlated rationalizability, and shows that all types that have …
Persistent link: https://www.econbiz.de/10011702628
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
for some arbitrarily close type. Hence, refinements of rationalizability are not robust. This negative result is obtained … rationalizability when arbitrary common knowledge assumptions are relaxed (i.e., without assuming richness). For arbitrary spaces of …
Persistent link: https://www.econbiz.de/10011686699
We consider robust virtual implementation, where robustness is the requirement that implementation succeed in all type … robust virtual implementation in iteratively undominated strategies by means of incentive compatibility and measurability …
Persistent link: https://www.econbiz.de/10010318934
Motivated by trying to better understand the norms that govern pedestrian traffic, I study symmetric two-player coordination games with independent private values. The strategies of "always pass on the left" and "always pass on the right" are always equilibria of this game. Some such games,...
Persistent link: https://www.econbiz.de/10010239911