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A power measure is monotone if a player with a larger weight is assigned at least as much power as a player with a smaller weight in the same weighted majority game. Failure of a power index to satisfy monotonicity is often considered a pathological feature. In this paper, we show that...
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rationalizability. The concept aims to identify the consequences of common knowledge of rationality and farsightedness within the … environments and it can be computed by an iterative reduction procedure. We introduce a definition of coalitional rationality for …
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An action is robustly rationalizable if it is rationalizable for every type who has almost common certainty of payoffs. We illustrate by means of an example that an action may not be robustly rationalizable even if it is weakly dominant, and argue that robust rationalizability is a very...
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We offer a formal game-theoretic framework that enables the analysis of situations whereby rational individuals with different beliefs and views of the world agree to a shared course of action. We define the notion of a course of action which, unlike a strategy profile, does not require a...
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We offer a formal game-theoretic framework that enables the analysis of situations whereby rational individuals with different beliefs and views of the world agree to a shared course of action. We define the notion of a course of action which, unlike a strategy profile, does not require a...
Persistent link: https://www.econbiz.de/10012773372