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This is the second symposium of the same title “Logic and Economics” in this journal and has four papers studying the issues expressed in the subtitle. In this introduction, the guest editor first describes a general perspective for this symposium and then explains each paper from this...
Persistent link: https://www.econbiz.de/10010993604
This paper is written as an introduction to epistemic logics and their game theoretic applications. It starts with both semantics and syntax of classical logic, and goes to the Hilbert-style proof-theory and Kripke-style model theory of epistemic logics. In these theories, we discuss individual...
Persistent link: https://www.econbiz.de/10005596642
Individual decision making is based on predictions about other players' choices as well as on valuations of reactions to predictions. In this sense, a player has a prediction-decision criterion for decision making. We develop a theory of prediction-decision criteria, which enables us to capture...
Persistent link: https://www.econbiz.de/10005155334
We explore the inductively derived views obtained by players with partial temporal (short-term) memories. A player derives his personal view of the objective game situation from his accumulated (long-term) memories, and then uses it for decision making. A salient feature that distinguishes this...
Persistent link: https://www.econbiz.de/10010680577
In a model of an economy with multiple public goods and differentiated crowding, it is shown that asymptotically the core has the equal treatment property and coincides with the equilibrium outcomes. It follows that all individuals of the same type in the same jurisdiction must pay the same...
Persistent link: https://www.econbiz.de/10005753139
Inessentiality of large groups or, in other words, effectiveness of small groups, means that almost all gains to group formation can be realized by partitions of the players into groups bounded in absolute size. The approximate cores property is that all sufficiently large games have nonempty...
Persistent link: https://www.econbiz.de/10005753438