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This paper concerns the interpretation of equilibrium in non-additive beliefs in two-player normal form games. We argue that such equilibria involve beliefs and actions which are consistent with a lack of common knowledge of the game. Our argument rests on representation results which show that...
Persistent link: https://www.econbiz.de/10010640098
Persistent link: https://www.econbiz.de/10005112070
This paper concerns the interpretation of equilibrium in non-additive beliefs in two-player normal form games. We argue that such equilibria involve beliefs and actions which are consistent with a lack of common knowledge of the game. Our argument rests on representation results which show that...
Persistent link: https://www.econbiz.de/10008502239
Persistent link: https://www.econbiz.de/10005159946