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This paper considers characterizations of perfect recall in extensive form games. It is shown that perfect recall can be expressed entirely in terms of the choice partition without any reference to any information sets. When information sets are taken into account it is decomposable into an...
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In the context of extensive form games, we are considering the relation between mixed and behavioural strategies. We look again at the famous Kuhn theorem and also discuss a result for games in which no path intersects any information set in more than one node. We apply the principle...
Persistent link: https://www.econbiz.de/10008562801
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
We construct a dynamic epistemic model for extensive form games, which generates a hierarchy of beliefs for each player over her opponents` strategies and beliefs, and tells us how those beliefs will be revised as the game proceeds. We use the model to analyze the implications of the assumption...
Persistent link: https://www.econbiz.de/10005051126
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...
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