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This study examines how each player chooses her/his optimal action in "normal-form games with unawareness" by applying a "discovery process" to them. We show that if each player implements a best response to the opponents' immediately preceding plays, then any discovery process converges to a...
Persistent link: https://www.econbiz.de/10013237214
This study focuses on discovered versions of coordination games with unawareness, and proposes a novel solution concept under unawareness named a successful-coordination equilibrium. In games with unawareness, coordination might fail because the models assume that agents are unaware of their...
Persistent link: https://www.econbiz.de/10013295525
This study discusses the convergence to a solution in simultaneous-move games with unawareness. Since games with unawareness assume players' unawareness of actions, in some plays, players might revise their subjective views when they observe opponents' play, which they were unaware of. Recently,...
Persistent link: https://www.econbiz.de/10013296791