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Persistent link: https://www.econbiz.de/10005795298
In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...
Persistent link: https://www.econbiz.de/10008541485
Persistent link: https://www.econbiz.de/10005136822
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
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
Meier (2012) gave a "mathematical logic foundation" of the purely measurable universal type space (Heifetz and Samet, 1998). The mathematical logic foundation, however, discloses an inconsistency in the type space literature: a finitary language is used for the belief hierarchies and an...
Persistent link: https://www.econbiz.de/10010762172
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are … desirable for potential applications of asymmetric unawareness. We compare unawareness with probability zero belief. Applying … our unawareness belief structures, we show that the common prior assumption is too weak to rule out speculative trade in …
Persistent link: https://www.econbiz.de/10008456319
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
The goal of this paper is to construct a user-friendly model of unawareness. We start from an axiom system (in first … characterization theorem which describes a class of structures, called object-based unawareness structures, that correspond to this … axiom system. As an application, we explain how an object-based unawareness structure can be use to model those American …
Persistent link: https://www.econbiz.de/10005539091
In this paper we compare two different approaches to modeling unawareness: the object-based approach of Board and Chung …
Persistent link: https://www.econbiz.de/10008620350