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We define a cautious version of extensive-form rationalizability for generalized extensive- form games with unawareness … set. We demonstrate the applicability of prudent rationalizability. In games of disclosure of verifiable information, we … show that prudent rationalizability yields unraveling under full awareness but unraveling might fail under unawareness. We …
Persistent link: https://www.econbiz.de/10012101418
We define a cautious version of extensive-form rationalizability for generalized extensive-form games with unawareness … set. We demonstrate the applicability of prudent rationalizability. In games of disclosure of verifiable information, we … show that prudent rationalizability yields unraveling under full awareness but unraveling might fail under unawareness. We …
Persistent link: https://www.econbiz.de/10012655879
. Iterative admissibility also provides predictions for every finite level of reasoning about rationality. Overall we observe …
Persistent link: https://www.econbiz.de/10011811807
Persistent link: https://www.econbiz.de/10012430288
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
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Level-k thinking and Cognitive Hierarchy have been widely applied as a normalform solution concept in behavioral and experimental game theory. We consider the extension of level-k thinking to extensive-form games. Player's may learn about levels of opponents' thinking during the play of the game...
Persistent link: https://www.econbiz.de/10013350881
Persistent link: https://www.econbiz.de/10010358108
. Iterative admissibility also provides predictions for every finite level of reasoning about rationality. Overall we observe …
Persistent link: https://www.econbiz.de/10011936493
Persistent link: https://www.econbiz.de/10011378383