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We present a new solution concept for strategic games called comprehensive rationalizability that embodies "common … rationalizability, but it neither refines nor is refined by iterated admissibility. Nevertheless, it coincides with iterated …
Persistent link: https://www.econbiz.de/10011764927
Persistent link: https://www.econbiz.de/10012225975
It is known that there are uncoupled learning heuristics leading to Nash equilibrium in all finite games. Why should players use such learning heuristics and where could they come from? We show that there is no uncoupled learning heuristic leading to Nash equilibrium in all finite games that a...
Persistent link: https://www.econbiz.de/10011545296
-k thinking in the associated normal-form, extensive-form rationalizability, delta-rationalizability, iterated admissibility, and …
Persistent link: https://www.econbiz.de/10013467146
It is known that there are uncoupled learning heuristics leading to Nash equilibrium in all finite games. Why should players use such learning heuristics and where could they come from? We show that there is no uncoupled learning heuristic leading to Nash equilibrium in all finite games that a...
Persistent link: https://www.econbiz.de/10010516648
It is known that there are uncoupled learning heuristics leading to Nash equilibrium in all finite games. Why should players use such learning heuristics and where could they come from? We show that there is no uncoupled learning heuristic leading to Nash equilibrium in all finite games that a...
Persistent link: https://www.econbiz.de/10011764914
It is known that there are uncoupled learning heuristics leading to Nash equilibrium in all finite games. Why should players use such learning heuristics and where could they come from? We show that there is no uncoupled learning heuristic leading to Nash equilibrium in all finite games that a...
Persistent link: https://www.econbiz.de/10011266667
-k thinking in the associated normal-form, extensive-form rationalizability, ∆-rationalizability, iterated admissibility, and …
Persistent link: https://www.econbiz.de/10013350881
We provide comparable algorithms for the Dekel-Fudenberg procedure, iterated admissibility, proper rationalizability … algorithms for comparing iterated admissibility, proper rationalizability and full permissibility, and provide a sufficient …
Persistent link: https://www.econbiz.de/10012058688
We study experimentally persuasion games in which a sender (e.g., a seller) with private information provides verifiable but potentially vague information (e.g., about the quality of a product) to a receiver (e.g., a buyer). Various theoretical solution concepts such as sequential equilibrium or...
Persistent link: https://www.econbiz.de/10011936493