This paper analyzes a model in which an informed agent sends a cheap-talk message to an uninformed party who, subsequently, takes an action that determines the utility of both. We assume full rationality, a certain degree of alignment of interest and that agents have a propensity to believe each...

We apply the average cost optimality equation to zero-sum Markov games, by considering a simple game with one-sided incomplete information that generalizes an example of Aumann and Maschler (1995). We determine the value and identify the optimal strategies for a range of parameters

In the games with population uncertainty introduced in this paper, the number and identity of the participating players are determined by chance. Games with population uncertainty are shown to include Poisson games and random-player games. The paper focuses on those strategy profiles that are...

We apply Camerer and Ho's experience-weighted attraction (EWA) model of learning to extensive-form signaling games. Since these games often have many equilibria, logical 'refinements' have been used to predict which equilibrium will occur. Brandts and Holt conjectured that belief formation could...

In this paper we present a new iterative acution, the bisection auction, that can be used for the sale of a single indivisible object. We will show that the bisection auction is computationally more efficient than the classical English auction while it still preserves all characteristics the...

This paper proposes a Network Game model where one agent controls multiple nodes, and studies how equilibrium changes when a game is transformed from a one-agent-controls-one-node setting to a one-agent-controls-multiple-nodes setting. The model discusses how equilibrium might continue to exist...

The knowledge constraints and transactions costs imposed by geographical distance, network connections and time conspire to justify local behavior as a good approximation for global rationality. We consider a class of games to illustrate this relationship and raise some questions as to what...

Incomplete information games, local interaction games and random matching games are all special cases of a general class of interaction games (Morris (1997)). In this paper, we use this equivalence to present a unified treatment of arguments generating uniqueness in games with strategic...

This paper introduces generalized potential functions of complete information games and studies the robustness of sets of equilibria to incomplete information. A set of equilibria of a complete information game is robust if every incomplete information game where payoffs are almost always given...

Epistemic game theory formalizes assumptions about rationality and mutual beliefs in a formal language, then studies their behavioral implications in games. Specifically, it asks: what do different notions of rationality and different assumptions about what players believe about…what others...