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unawareness, which significantly differ from those in the standard information partition model by allowing for false interactive …
Persistent link: https://www.econbiz.de/10005102115
We extend Kuhn's Theorem to extensive games with unawareness. This extension is not entirely obvious: First, extensive … games with non-trivial unawareness involve a forest of partially ordered game trees rather than just one game tree. An … partially an object of ex-ante choice in games with unawareness. Finally, histories that a player may expect to reach with a …
Persistent link: https://www.econbiz.de/10011936492
We extend Kuhn's Theorem to extensive games with unawareness. This extension is not entirely obvious: First, extensive … games with non-trivial unawareness involve a forest of partially ordered game trees rather than just one game tree. An … partially an object of ex-ante choice in games with unawareness. Finally, histories that a player may expect to reach with a …
Persistent link: https://www.econbiz.de/10011764932
induced by EFR strategies. PR applies also to generalized extensive-form games which model mutual unawareness of actions … by Milgrom and Roberts (1986); yet, we also show that under unawareness full unraveling might fail. …
Persistent link: https://www.econbiz.de/10010282071
We study a game in which a sender with verifiable private information has to pay an access fee that is announced by a receiver to be able to convey her message to the receiver. The setting is motivated by the literature of pay-and-lobby politics, which finds that politicians decide to schedule...
Persistent link: https://www.econbiz.de/10011078532
We construct a simple model in which a central bank communicates with money market traders. We demonstrate that there exist multiple equilibria. In one equilibrium, traders truthfully reveal their own information, and by learning this, the central bank can make better forecasts. Another...
Persistent link: https://www.econbiz.de/10004978185
We model firms' quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently … that work under monopoly, i.e. mandatory disclosure, third party disclosure and consumer education, may all increase …
Persistent link: https://www.econbiz.de/10013197545
We study a game in which a sender with verifiable private information has to pay an access fee that is announced by a receiver to be able to convey her message to the receiver. The setting is motivated by the literature of pay-and-lobby politics, which finds that politicians decide to schedule...
Persistent link: https://www.econbiz.de/10010420219
We model firms’ quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently ….e. mandatory disclosure, third party disclosure and consumer education may all increase exploitation and decrease welfare. Even …
Persistent link: https://www.econbiz.de/10011872103
We model firms' quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently ….e. mandatory disclosure, third party disclosure and consumer education may all increase exploitation and decrease welfare. Even …
Persistent link: https://www.econbiz.de/10011847547