This study presents how selection of equilibrium in a game with many equilibria can be made possible when the common … knowledge assumption (CKA) is replaced by the notion of common belief. Essentially, this idea of pinning down an equilibrium by …

in an environment with imperfect common knowledge and strategic complementarity. More specifically, the paper discusses … underlying economic state in the presence of dispersed information is the basis for the emergence of imperfect common knowledge …

This study presents how selection of equilibrium in a game with many equilibria can be made possible when the common … knowledge assumption (CKA) is replaced by the notion of common belief. Essentially, this idea of pinning down an equilibrium by …

some console makers chose a completely different outcome which is rather based on belief instead of common knowledge. …

extensive-form games, when rationality is common knowledge and players observe a partition of the terminal nodes. RPCE allows …