Showing 71 - 80 of 98
I consider issues in distributed computation that should be of relevance to game theory. In particular, I focus on (a) representing knowledge and uncertainty, (b) dealing with failures, and (c) specification of mechanisms.
Persistent link: https://www.econbiz.de/10005550928
Many different rules for decision making have been introduced in the literature. We show that a notion of generalized expected utility proposed in 'Great Expectations. Part I' is a universal decision rule, in the sense that it can represent essentially all other decision rules.
Persistent link: https://www.econbiz.de/10005550952
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/10005118557
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/10005118560
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/10005118639
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/10005118652
Awareness has been shown to be a useful addition to standard epistemic logic. However, standard propositional logics for knowledge and awareness cannot express the fact that an agent knows that there are facts of which he is unaware without there being an explicit fact that the agent knows he is...
Persistent link: https://www.econbiz.de/10008483517
Reasoning about knowledge—particularly the knowledge of agents who reason about the world and each other's knowledge—was once the exclusive province of philosophers and puzzle solvers. More recently, this type of reasoning has been shown to play a key role in a surprising number of contexts,...
Persistent link: https://www.econbiz.de/10005237375
Persistent link: https://www.econbiz.de/10005153737
We consider a setting where an agent's uncertainty is represented by a set of probability measures, rather than a single measure. Measure-bymeasure updating of such a set of measures upon acquiring new information is well-known to suffer from problems; agents are not always able to learn...
Persistent link: https://www.econbiz.de/10010599871