Showing 1 - 10 of 38,869
We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984 …
Persistent link: https://www.econbiz.de/10010282093
We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984 …
Persistent link: https://www.econbiz.de/10010282097
the true state - do not exist. This is so both in the case of private communication, in which each individual only hears … the message of his immediate predecessor, and in the case of public communication, in which a decision maker hears the …
Persistent link: https://www.econbiz.de/10005013922
We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … equilibria do not exist. This is so both in the case of private communication in which each player only hears the message of his … immediate predecessor, and in the case of public communication, in which each player hears the message of all previous players …
Persistent link: https://www.econbiz.de/10005593160
We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … equilibria do not exist. This is so both in the case of private communication in which each player only hears the message of his … immediate predecessor, and in the case of public communication, in which each player hears the message of all previous players …
Persistent link: https://www.econbiz.de/10014220427
Applying unawareness belief structures introduced in Heifetz, Meier, and Schipper (2013a), we develop Bayesian games … with unawareness, define equilibrium, and prove existence. We show how equilibria are extended naturally from lower to … higher awareness levels and restricted from higher to lower awareness levels. We apply Bayesian games with unawareness to …
Persistent link: https://www.econbiz.de/10010240317
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are … desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define … restricted from higher to lower awareness levels. We use our unawareness belief structure to show that the common prior …
Persistent link: https://www.econbiz.de/10010365853
Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … process because players may discover novel actions during play. In this sense, many games with unawareness are ''self … state there is an extensive-form game with unawareness that together with the players' play determines the transition to …
Persistent link: https://www.econbiz.de/10012655887
Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … process because players may discover novel actions during play. In this sense, many games with unawareness are "self … state there is an extensive-form game with unawareness that together with the players' play determines the transition to …
Persistent link: https://www.econbiz.de/10012509154
induced by EFR strategies. PR applies also to generalized extensive-form games which model mutual unawareness of actions … (Heifetz, Meier and Schipper, 2011a). We demonstrate the applicability of PR in the analysis of verifiable communication, and … by Milgrom and Roberts (1986); yet, we also show that under unawareness full unraveling might fail. …
Persistent link: https://www.econbiz.de/10010282071