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Counterfactual Reasoning and Common Knowledge of Rationality in Normal Form Games
Zambrano, Eduardo - 2006
When evaluating the rationality of a player in an epistemic model of a noncooperative game one has to examine … deviation actually occurs. I show that, in this extended model, common knowledge of rationality need not lead to … rationalizability. I also present assumptions that allow rationalizability to be a consequence of common knowledge of rationality in …
Persistent link: https://www.econbiz.de/10014057722
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Chapter 1. Rationality
Binmore, Ken - In: Handbook of game theory with economic applications : …, (pp. 1-26). 2015
This chapter is a very compressed review of the neoclassical orthodoxy on the nature of rationality on economic theory … function of a definition of rationality. …
Persistent link: https://www.econbiz.de/10014025458
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Counterfactuals in Wonderland
Samet, Dov - 1998
The literary source of the main ideas in Aumann's article "Backward Induction and Common Knowledge of Rationality" is …
Persistent link: https://www.econbiz.de/10014088854
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The Survival Value of Assuming Others to Be Rational
Stennek, Johan - 2000
I study the evolution of rationality, using an indirect evolutionary approach, in which nature selects a decision …-making procedure, and the procedure chooses actions in matching-games. The main result is that in order for (knowledge of) rationality …
Persistent link: https://www.econbiz.de/10014150983
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Combining Rational Choice and Evolutionary Dynamics : The Indirect Evolutionary Approach
Müller, Wieland; Königstein, Manfred - 2001
In this study we propose a formal framework for the indirect evolutionary approach initiated by Guth and Yaari. It allows us to endogenize preferences and to study their evolution. We define two-player indirect evolutionary games with observable types and show how to incorporate symmetric as...
Persistent link: https://www.econbiz.de/10014151134
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An Epistemic Characterization of Extensive Form Rationalizability
Battigalli, Pierpaolo; Siniscalchi, Marciano - 2011
common certainty of rationality …
Persistent link: https://www.econbiz.de/10014196029
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When Rationality and Fairness Conflict : The Role of Cognitive-Control in the Ultimatum Game
Halali, Eliran; Bereby-Meyer, Yoella; Meiran, Nachshon - 2011
The ultimatum game models social exchange in situations in which the rational motive to maximize gains conflicts with fairness considerations. Using two independent behavioral measurements, the authors tested two contradicting predictions: that the preference for fairness is a deliberative...
Persistent link: https://www.econbiz.de/10014181014
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Rationality and the Definition of Consistent Pairs
Ewerhart, Christian - 1999
A consistent pair specifies a set of "rational" strategies for both players such that a strategy is rational if and only if it is a best reply to a Bayesian belief that gives positive probability to every rational strategy of the opponent and probability zero otherwise. Although the idea...
Persistent link: https://www.econbiz.de/10014215852
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Interim correlated rationalizability
Dekel-Tabak, Eddie; Fudenberg, Drew; Morris, Stephen - In: Theoretical economics : TE ; an open access journal in … 2 (2007) 1, pp. 15-40
characterizes common certainty of rationality in the universal type space. …
Persistent link: https://www.econbiz.de/10011702628
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Social conformity in games with many players
Wooders, Myrna Holtz; Cartwright, Edward; Selten, Reinhard - 2003
In the literature of psychology and economics it is frequently observed that individuals tend to imitate similar individuals. A fundamental question is whether the outcome of such imitation can be consistent with self-interested behaviour. We propose that this consistency requires the existence...
Persistent link: https://www.econbiz.de/10011593822