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We develop a game-theoretic model to study the subscription choices of subscribers with diverse ideological perspectives between two opposing news media (intermediaries) who are motivated to influence the public opinion through their roles of news verification and selective disclosure. The...
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We study coordination games under general type spaces. We characterize rationalizable actions in terms of the properties of the belief hierarchies and show that there is a unique rationalizable action played whenever there is approximate common certainty of rank beliefs, defi ned as the...
Persistent link: https://www.econbiz.de/10013022006
Excessive optimism is a prominent explanation for bargaining delays. Recent results demonstrate that optimism plays a subtle role in bargaining, and its careful analysis may shed valuable insights into negotiation behavior. This article reviews some of these results, focusing on the following...
Persistent link: https://www.econbiz.de/10013120927
In the reputation literature, players have \emph{commitment types} which represent the possibility that they do not have standard payoffs but instead are constrained to follow a particular plan. In this paper, we show that arbitrary commitment types can emerge from incomplete information about...
Persistent link: https://www.econbiz.de/10011673067