Showing 1 - 9 of 9
We consider strategic-form games with ordinal payoffs and provide a syntactic analysis of common belief/knowledge of rationality, which we define axiomatically. Two axioms are considered. The first says that a player is irrational if she chooses a particular strategy while believing that another...
Persistent link: https://www.econbiz.de/10010266403
We investigate the extension of backward-induction to von Neumann extensive games (where information sets have a synchronous structure) and provide an epistemic characterization of it. Extensions of the idea of backward-induction were proposed by Penta (2009) and later by Perea (2013), who also...
Persistent link: https://www.econbiz.de/10010318840
The analysis of rational play in dynamic games is usually done within a static framework that specifies a player's initial beliefs as well as his disposition to revise those beliefs conditional on hypothetical states of information. We suggest a simpler approach, where the rationality of a...
Persistent link: https://www.econbiz.de/10010282076
We discuss a number of conceptual issues that arise in attempting to capture, in dynamic games, the notion that there is common understanding among the players that they are all rational.
Persistent link: https://www.econbiz.de/10010282092
The analysis of rational play in dynamic games is usually done within a static framework that specifies a player's initial beliefs as well as his disposition to revise those beliefs conditional on hypothetical states of information. We suggest a simpler approach, where the rationality of a...
Persistent link: https://www.econbiz.de/10010542267
We discuss a number of conceptual issues that arise in attempting to capture, in dynamic games, the notion that there is "common understanding" among the players that they are all rational.
Persistent link: https://www.econbiz.de/10009393264
We investigate the extension of backward-induction to von Neumann extensive games (where information sets have a synchronous structure) and provide an epistemic characterization of it. Extensions of the idea of backward-induction were proposed by Penta (2009) and later by Perea (2013), who also...
Persistent link: https://www.econbiz.de/10010826370
This working paper contains the slides of two invited lectures on the Epistemic Foundations of Game Theory, delivered at the Royal Netherlands Academy of Arts and Sciences (KNAW) on February 8, 2007.
Persistent link: https://www.econbiz.de/10008620313
We consider strategic-form games with ordinal payoffs and provide a syntactic analysis of common belief/knowledge of rationality, which we define axiomatically. Two axioms are considered. The first says that a player is irrational if she chooses a particular strategy while believing that another...
Persistent link: https://www.econbiz.de/10008620412