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The Truth is in the Eye of the Beholder: or Equilibrium in Beliefs and Rational Learning in Games

Nyarko, Y. - C.V. Starr Center for Applied Economics, Department of … - 1998

Games with incomplete information or randomness in the moves of others typically have many decision … of randomizations in the type of a player. Solution concepts, assumptions or paradoxes in games should be independent of … the formulation of the game used. I refer to this axiom as TIGER, for "Type Independence among Games which are …

Persistent link: https://www.econbiz.de/10005605554

Backward Induction is not Robust: The Parity Problem and the Uncertainty Problem.

Kilgour, D.M.; Brams, S.J. - C.V. Starr Center for Applied Economics, Department of … - 1996

A cornerstone of game theory is backward induction, whereby players reason backward from the end of a game in extensive form to the beginning in order to determine what choices are rational at each stage of play. Truels, or three-person duels, are used to illustrate how the outcome can depend on...

Persistent link: https://www.econbiz.de/10005605739

An Algorithmic Approach Towards the Tracing Procedure of Harsanyi and Selten.

Van Den Elzen, A.; Talman, D. - CentER for Economic Research, Universiteit van Tilburg - 1995

Persistent link: https://www.econbiz.de/10005618588

Self-Fulfilling Mechanisms and Rational Expectations.

Forges, F.; Minelli, E. - Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. - 1996

We introduce a class of communication equilibria, which we call self-fulfilling mechanisms, and show that they provide a game-theoretic foundation to rational expectations equilibria.

Persistent link: https://www.econbiz.de/10005618870

Bluff and Reputation.

Sorin, S. - Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. - 1996

This paper describes the historical evolution of the analysis of some aspects of the strategic use of information. The use of mixed strategies aims to create uncertainty on the move to be played or on the private information of the players. In a repeated game framework, strategic behavior when...

Persistent link: https://www.econbiz.de/10005618884

Privately Observed Time Horizons in Repeated Games

Renault, R. - Groupe de Recherche en Économie Mathématique et … - 1997

This paper considers the repetition of a finite two person game when each player knows an upper bound on the length of the game, but assigns a positive probability to his opponent overestimating the length of the game. It is shown that with sufficiently little discounting, any payoff vector that...

Persistent link: https://www.econbiz.de/10005639391

A Theory of Endogenous Coalition Structure.

Ray, D.; Vohra, R. - Industry Studies Program (ISP), Department of Economics - 1996

We study endogenous coalition formation in contexts where individual (and group) payoffs depend on the entire coalition structure that might form. We capture potential interaction across coalitions by means of a partition function.

Persistent link: https://www.econbiz.de/10005640946

A Full Characterization of Representable Preferences.

Dubra, J.; Echenique, F. - 2000

We fully characterize the preferences relations that can be represented by a utility. Representation is equivalent to the condition that preferences do not have too many "jumps". A characterization of preferences that can be represented by a continuous utility follows trivially from our...

Persistent link: https://www.econbiz.de/10005646833

Large Production and Market Games.

Flam, S.D.; Owen, G. - Institutt for Økonomi, Universitetet i Bergen - 2001

Accomodated here is a measure space of economic agents, each regarded as a profit maximizing producer, each endowed with his technology and resource bundle. Pooling of private endowments generates a cooperative game with side payments.

Persistent link: https://www.econbiz.de/10005647137

2 x 2 Games, Fictitious Play and Green's Theorem

Flam, S.D. - Institutt for Økonomi, Universitetet i Bergen - 1998

We provide a new and simple convergence analysis for fictitious play of two-person, two-strategy games. Some …

Persistent link: https://www.econbiz.de/10005647141