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Harsányi [4] showed that Bayesian games over finite games of payoff uncertainty with finite sets of belief types always admit Bayesian equilibria. That still left the question of whether Bayesian games over finite games of payoff uncertainty with infinitely many types are guaranteed to have...
Persistent link: https://www.econbiz.de/10011042962
In many economic situations, a player pursues coordination or anti-coordination with her neighbors on a network, but she also has intrinsic preferences among the available options. We here introduce a model which allows to analyze this issue by means of a simple framework in which players...
Persistent link: https://www.econbiz.de/10011049725
We prove that the structure theorem for rationalizability originally from Weinstein and Yildiz (2007) applies to any finite extensive-form game with perfect recall and suitably rich payoffs. We demonstrate that the ties induced by the extensive form do not change the result of Weinstein and...
Persistent link: https://www.econbiz.de/10011049820
Networks can have an important effect on economic outcomes. Given the complexity of many of these networks, agents will generally not know their structure. We study the sensitivity of game-theoretic predictions to the specification of players’ (common) prior on the network in a setting where...
Persistent link: https://www.econbiz.de/10011090544
Networks can have an important effect on economic outcomes. Given the complexity of many of these networks, agents will generally not know their structure. We study the sensitivity of game-theoretical predictions to the specification of players’ (common) prior on the network in a setting where...
Persistent link: https://www.econbiz.de/10011091251
In many contexts, players interact only with a subset of the whole population, i.e., players interact on a network. This paper a setting in which players are located on a network and play a fixed game with their neighbors. Players have incomplete information on the network structure. They have a...
Persistent link: https://www.econbiz.de/10011092084
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 most...
Persistent link: https://www.econbiz.de/10011092582
Motivated by trying to better understand the norms that govern pedestrian traffic, I study symmetric two-player coordination games with independent private values. The strategies of "always pass on the left" and "always pass on the right" are always equilibria of this game. Some such games,...
Persistent link: https://www.econbiz.de/10011098627
Persistent link: https://www.econbiz.de/10011098957
We extend Aumann's [3] theorem, deriving correlated equilibria as a consequence of common priors and common knowledge of rationality, by explicitly allowing for non-rational behavior. We replace the assumption of common knowledge of rationality with a substantially weaker one, joint p-belief of...
Persistent link: https://www.econbiz.de/10011186266