Showing 61 - 70 of 97
Persistent link: https://www.econbiz.de/10008314344
One approach to representing knowledge or belief of agents, used by economists and computer scientists, involves an infinite hierarchy of beliefs. Such a hierarchy consists of an agent's beliefs about the state of the world, his beliefs about other agents' beliefs about the world, his beliefs...
Persistent link: https://www.econbiz.de/10014185741
Samet introduced a notion of hypothetical knowledge and showed how it could be used to capture the type of counterfactual reasoning necessary to force the backwards induction solution in a game of perfect information. He argued that while hypothetical knowledge and the extended information...
Persistent link: https://www.econbiz.de/10014185742
Logical characterizations of the common prior assumption (CPA) are investigated. Two approaches are considered. The first is called frame distinguishability, and is similar in spirit to the approaches considered in the economics literature. Results similar to those obtained in the economics...
Persistent link: https://www.econbiz.de/10014138923
Aumann has proved that common knowledge of substantive rationality implies the backwards induction solution in games of perfect information. Stalnaker has proved that it does not. Roughly speaking, a player is substantively rational if, for all vertices "v", if the player were to reach vertex...
Persistent link: https://www.econbiz.de/10014139406
Modica and Rustichini [Theory and Decision 37, 1994] provided a logic for reasoning about knowledge where agents may be unaware of certain propositions. However, their original approach had the unpleasant property that nontrivial unawareness was incompatible with partitional information...
Persistent link: https://www.econbiz.de/10014139407
Given a finite game with common payoffs (i.e., the players have completely common interests), we show that the problem of determining whether there exists a joint strategy where each player nets at least k is NP-complete
Persistent link: https://www.econbiz.de/10014141534
Logical characterizations of the common prior assumption (CPA) are investigated. Two approaches are considered. The first is called frame distinguishability, and is similar in spirit to the approaches considered in the economics literature. Results similar to those obtained in the economics...
Persistent link: https://www.econbiz.de/10014141561
Aumann has proved that common knowledge of substantive rationality implies the backwards induction solution in games of perfect information. Stalnaker has proved that it does not. Roughly speaking, a player is substantively rational if, for all vertices in v, if the player were to reach vertex...
Persistent link: https://www.econbiz.de/10014141569
Modica and Rustichini [Theory and Decision 37, 1994] provided a logic for reasoning about knowledge where agents may be unaware of certain propositions. However, their original approach had the unpleasant property that nontrivial unawareness was incompatible with partitional information...
Persistent link: https://www.econbiz.de/10014141571