Showing 1 - 10 of 83
simplifying finiteness or discreteness assumptions, we characterize the class of game trees for which all pure strategy …
Persistent link: https://www.econbiz.de/10009471708
whether a natural de?nition of a tree can be given, where nodes are sets of states. We show that, indeed, trees can be de …
Persistent link: https://www.econbiz.de/10005823259
whether a natural definition of a tree can be given, where nodes are sets of states. We show that, indeed, trees can be …
Persistent link: https://www.econbiz.de/10010292783
whether a natural definition of a tree can be given, where nodes are sets of states. We show that, indeed, trees can be …
Persistent link: https://www.econbiz.de/10005370761
Two finite extensive-form games are empirically equivalent when the empirical distribution on action profiles generated by every behavior strategy in one can also be generated by an appropriately chosen behavior strategy in the other. This paper provides a characterization of empirical...
Persistent link: https://www.econbiz.de/10005827534
Persistent link: https://www.econbiz.de/10009391278
We use an extensive form, universal type space to provide the following epistemic characterisation of extensive form rationalisability. Say that player i strongly believes event E if i is certain of E conditional on each of her information sets consistent with E. Our main contribution is to show...
Persistent link: https://www.econbiz.de/10011608489
In a large family of solution concepts for boundedly rational players - allowing players to be imperfect optimizers, but requiring that better responses are chosen with probabilities at least as high as those of worse responses - most of Thompson's inessential transformations for the strategic...
Persistent link: https://www.econbiz.de/10010281206
We consider an oligopolistic market game, in which the players are competing firms in the same market of a homogenous consumption good. The consumer side is represented by a fixed demand function. The firms decide how much to produce of a perishable consumption good, and they decide upon a...
Persistent link: https://www.econbiz.de/10004968232
The standard model of an extensive form game rules out an important phenomenon in situations of strategic interaction: deception. Using examples from the world of ancient Greece and from modern-day Wall Street, we show how the model can be generalized to incorporate this phenomenon. Deception...
Persistent link: https://www.econbiz.de/10004977857