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) notion of extensive-form (correlated) rationalizability to this setting, explore its properties and prove existence. We … define also a new variant of this solution concept, prudent rationalizability, which refines the set of outcomes induced by … characterize in it extensive-form rationalizability by iterative conditional dominance. -- Unawareness ; extensive-form games …
Persistent link: https://www.econbiz.de/10003878990
theory ; epistemic stability ; rationalizability ; closedness under rational behavior ; mutual p-belief …
Persistent link: https://www.econbiz.de/10003926287
This paper studies a noncooperative allocation procedure for coalitional games with veto players. The procedure is similar to the one presented by Dagan et al. (1997) for bankruptcy problems. According to it, a player, the proposer, makes a proposal that the remaining players must accept or...
Persistent link: https://www.econbiz.de/10009578191
We fuse a social dilemma game and a game pitting the group against nature, where the group's probability of avoiding disaster depends on the resources it raises from members. The result is the Nederlander-Prisoner's Dilemma Game where the cost of failure is equally shared. We introduce the...
Persistent link: https://www.econbiz.de/10009773105
In modern elections, ideologically motivated candidates with a wealth of information about individual voters and sophisticated campaign strategies are faced by voters who lack awareness of some political issues and are uncertain about the exact political positions of candidates. We study to what...
Persistent link: https://www.econbiz.de/10010255046
Rationalizability is a widely accepted solution concept in the study of strategic form game with complete information … and is fully characterized in terms of assumptions on the rationality of the players and common certainty of rationality …. Battigalli and Siniscalchi extend rationalizability and derive the solution concept called Δ-rationalizability. Their analysis is …
Persistent link: https://www.econbiz.de/10013138575
This paper investigates rationalizable implementation of social choice sets (SCSs) in incomplete information environments. We identify rationalizable incentive compatibility (RIC) as its key condition, argue by means of example that RIC is strictly weaker than the standard Bayesian incentive...
Persistent link: https://www.econbiz.de/10012841257
In this paper we study common belief of rationality in strategic-form games with ordinal utilities, employing a …
Persistent link: https://www.econbiz.de/10012956466
We present a new solution concept for strategic games called comprehensive rationalizability that embodies "common … cautious belief in rationality" based on a sound epistemic characterization in a universal type space. It refines … rationalizability, but it neither refines nor is refined by iterated admissibility. Nevertheless, it coincides with iterated …
Persistent link: https://www.econbiz.de/10012957249
Games in which players aim to guess a fraction or multiple p of the average guess are known as guessing games or (p-)beauty contests. In this note, we derive a full characterization of the set of rationalizable strategies and the set of pure strategy Nash equilibria for such games as a function...
Persistent link: https://www.econbiz.de/10012962808