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Interim correlated rationalizability
Dekel, Eddie; Fudenberg, Drew; Morris, Stephen - In: Theoretical Economics 2 (2007) 1, pp. 15-40
This paper proposes the solution concept of interim correlated rationalizability, and shows that all types that have …
Persistent link: https://www.econbiz.de/10011599381
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Topologies on types
Dekel, Eddie; Fudenberg, Drew; Morris, Stephen - 2006
We de.ne and analyze a strategic topology on types in the Harsanyi-Mertens-Zamir universal type space, where two types are close if their strategic behavior is similar in all strategic situations. For a .xed game and action de.ne the distance be-tween a pair of types as the diþerence between...
Persistent link: https://www.econbiz.de/10010272319
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Interim correlated rationalizability
Dekel, Eddie; Fudenberg, Drew; Morris, Stephen - In: Theoretical Economics 2 (2007) 1, pp. 15-40
This paper proposes the solution concept of interim correlated rationalizability, and shows that all types that have …
Persistent link: https://www.econbiz.de/10005515732
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Bounded reasoning and higher-order uncertainty
Kets, Willemien - 2012
The standard framework for analyzing games with incomplete information models players as if they form beliefs about their opponents' beliefs about their opponents' beliefs and so on, that is, as if players have an infinite depth of reasoning. This strong assumption has nontrivial implications,...
Persistent link: https://www.econbiz.de/10010282936
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Finite depth of reasoning and equilibrium play in games with incomplete information
Kets, Willemien - 2013
The standard framework for analyzing games with incomplete information models players as if they have an infinite depth of reasoning, which is not always consistent with experimental evidence. This paper generalizes the type spaces of Harsanyi (1967-1968) so that players can have a finite depth...
Persistent link: https://www.econbiz.de/10010352842
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Robust multiplicity with a grain of naiveté
Heifetz, Aviad; Kets, Willemien - 2013
In an important paper, Weinstein and Yildiz (2007) show that if players have an infinite depth of reasoning and this is commonly believed, types generically have a unique rationalizable action in games that satisfy a richness condition. We show that this result does not extend to environments...
Persistent link: https://www.econbiz.de/10010352864
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Robust multiplicity with a grain of naiveté
Heifetz, Aviad; Kets, Willemien - 2013
In an important paper, Weinstein and Yildiz (2007) show that if players have an infinite depth of reasoning and this is commonly believed, types generically have a unique rationalizable action in games that satisfy a richness condition. We show that this result does not extend to environments...
Persistent link: https://www.econbiz.de/10010221860
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A structure theorem for rationalizability in the normal form of dynamic games
Chen, Yi-Chun - In: Games and Economic Behavior 75 (2012) 2, pp. 587-597
We prove that the structure theorem for rationalizability originally from Weinstein and Yildiz (2007) applies to any … the normal-form concept of interim correlated rationalizability and we assume that players have no relevant knowledge of … rationalizability. We also strengthen the main selection result of Weinstein and Yildiz (2007) by showing that the result holds for any …
Persistent link: https://www.econbiz.de/10011049820
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Robust multiplicity with a grain of naiveté
Heifetz, Aviad; Kets, Willemien - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 415-465
Rationalizability is a central concept in game theory. Since there may be many rationalizable strategies, applications …
Persistent link: https://www.econbiz.de/10011855899
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Characterizing the strategic impact of misspecified beliefs
Chen, Yi-chun; Di Tillio, Alfredo; Faingold, Eduardo; … - In: The review of economic studies 84 (2017) 4, pp. 1424-1471
Persistent link: https://www.econbiz.de/10011920082