Showing 1 - 10 of 208
This paper aspires to fill a conspicuous gap in the literature regarding learning in games—the absence of empirical …
Persistent link: https://www.econbiz.de/10011049668
player-specific punishments. Using this result, we prove a folk theorem for unequal discounting repeated games that satisfy …
Persistent link: https://www.econbiz.de/10011049715
finite or common-prior models — display strategic discontinuity in simple games. …
Persistent link: https://www.econbiz.de/10011049719
self-binding in that they are supported as subgame perfect equilibria of repeated games. Individuals are allowed to …
Persistent link: https://www.econbiz.de/10011049791
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for potential applications of asymmetric unawareness. Applying our unawareness belief structures, we show that the common prior assumption is too weak to rule out...
Persistent link: https://www.econbiz.de/10011049829
We develop an approach to providing epistemic conditions for admissible behavior in games. Instead of using …
Persistent link: https://www.econbiz.de/10011049856
We define generalized extensive-form games which allow for asymmetric awareness of actions. We extend Pearceʼs (1984 …
Persistent link: https://www.econbiz.de/10011049860
Belief models capable of detecting 2- to 5-period patterns in repeated games by matching the current historical context …) using repeated games with a unique, albeit significantly different, stage mixed-strategy Nash equilibrium. Model comparisons …
Persistent link: https://www.econbiz.de/10011049875
This paper studies the learning process carried out by two agents who are involved in many games. As distinguishing all … games can be too costly (require too much reasoning resources) agents might partition the set of all games into categories … equilibrium partitions and action choices characterized. Learning across games can destabilize strict Nash equilibria even for …
Persistent link: https://www.econbiz.de/10011049900
analysis of extensive form games. Type spaces are closely related to the sphere models of counterfactual conditionals and to …
Persistent link: https://www.econbiz.de/10010931186