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We use an interactive epistemology framework to provide a systematic analysis of some solution concepts for games with asymmetric information. We characterize solution concepts using expressible epistemic assumptions, represented as events in the universal type space generated by primitive...
Persistent link: https://www.econbiz.de/10014202220
This paper extends Savage's subjective approach to probability and utility from decision problems under exogenous uncertainty to choice in strategic environments. Interactive uncertainty is modeled both explicitly - using hierarchies of preference relations, the analogue of beliefs hierarchies -...
Persistent link: https://www.econbiz.de/10013155264