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Hierarchies of belief and interim rationalizability
Ely, Jeffrey C.; Peski, Marcin - In: Theoretical economics : TE ; an open access journal in … 1 (2006) 1, pp. 19-65
In games with incomplete information, conventional hierarchies of belief are incomplete as descriptions of the players' information for the purposes of determining a player's behavior. We show by example that this is true for a variety of solution concepts. We then investigate what is essential...
Persistent link: https://www.econbiz.de/10011704466
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Uncertain rationality, depth of reasoning and robustness in games with incomplete information
Germano, Fabrizio; Weinstein, Jonathan; Zuazo-Garin, Peio - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 1, pp. 89-122
unique rationalizable action. This paper studies how a wide class of departures from common belief in rationality impact … attach to (n- 1)th-order belief in rationality. We find that Weinstein and Yildiz's discontinuity remains when λn is above an … appropriate threshold for all n, but fails when λn converges to 0. That is, if players' confidence in mutual rationality persists …
Persistent link: https://www.econbiz.de/10012159030
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Chapter 2. Rationality and Dynamic Consistency Under Risk and Uncertainty
Hammond, Peter J.; Zank, Horst - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 41-97). 2014
For choice with deterministic consequences, the standard rationality hypothesis is ordinality, i.e., maximization of a …
Persistent link: https://www.econbiz.de/10014025530
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An agent-based model of rational optimism
Gutiérrez Diez, Pedro José; Rodríguez-Palmero, Carlos - In: International journal of risk assessment and management … 21 (2018) 3, pp. 155-183
Persistent link: https://www.econbiz.de/10011978909
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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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Chapter 13. Local Interactions
zgr, Onur - In: Handbook of social economics : volume 1, (pp. 587-644). 2011
Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are close to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular...
Persistent link: https://www.econbiz.de/10014025690
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Peace agreements without commitment
Beviá, Carmen; Corchón, Luis C. - In: Games and economic behavior 68 (2010) 2, pp. 469-487
Persistent link: https://www.econbiz.de/10003976294
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A game-theoretic analysis of the Waterloo campaign and some comments on the analytic narrative project
Mongin, Philippe - In: Cliometrica : journal of historical economics and … 12 (2018) 3, pp. 451-480
Persistent link: https://www.econbiz.de/10011948546
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An alternative model of rational cooperation
McClennen, Edward F. - In: Justice, political liberalism, and utilitarianism : …, (pp. 351-386). 2008
Persistent link: https://www.econbiz.de/10003781276
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Rationality and efficiency in lotto games
Matheson, Victor A.; Grote, Kent R. - In: Information efficiency in financial and betting markets, (pp. 313-329). 2005
Persistent link: https://www.econbiz.de/10003238552