Showing 1 - 10 of 24
Bayesian Nash equilibria that fail to be hindsight-(or, alternatively, ex-post) stable do not provide reliable predictions of outcomes of games in many applications. We characterize a family of large Bayesian games (with many players) in which all equilibria are asymptotically hindsight-stable,...
Persistent link: https://www.econbiz.de/10011263585
Persistent link: https://www.econbiz.de/10005081515
Persistent link: https://www.econbiz.de/10005058406
Persistent link: https://www.econbiz.de/10005058411
Persistent link: https://www.econbiz.de/10005117544
Persistent link: https://www.econbiz.de/10005146272
Persistent link: https://www.econbiz.de/10005159608
Persistent link: https://www.econbiz.de/10005159793
Persistent link: https://www.econbiz.de/10005112084
We model network formation when heterogeneous nodes enter sequentially and form connections through both random meetings and network-based search, but with type-dependent biases. We show that there is “long-run integration”, whereby the composition of types in sufficiently old nodesʼ...
Persistent link: https://www.econbiz.de/10011042960