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We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984 …
Persistent link: https://www.econbiz.de/10015216762
We study a model of correlated equilibrium where every player takes actions based on his hierarchies of beliefs (belief on what other players will do, on what other players believe about others will do, etc.) intrinsic to the game. Our model does away with messages from outside mediator that are...
Persistent link: https://www.econbiz.de/10015217939
We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984 … extensive-form rationalizable strategies. We apply prudent rationalizability to the analysis of verifiable communication with … unawareness. Finally, we define the normal form of a generalized extensive-form game, and characterize in it extensive …
Persistent link: https://www.econbiz.de/10015218945
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are … desirable for potential applications of asymmetric unawareness. We compare unawareness with probability zero belief. Applying … our unawareness belief structures, we show that the common prior assumption is too weak to rule out speculative trade in …
Persistent link: https://www.econbiz.de/10015218946
We generalize the "No-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and Schipper (2009) to …
Persistent link: https://www.econbiz.de/10015220343
I develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier … events. I discuss in what sense impersonal expected utility can not represent unawareness. …
Persistent link: https://www.econbiz.de/10015220896
interdependent (strategic communication). Schelling's originality is to extend economic theory to social sciences. When a player can … anticipate the options and influence the decisions of others. The strategy, indirect communication plays a crucial role. To …
Persistent link: https://www.econbiz.de/10015221049
This article offers an approach to the general structure of the controversy in economy. In our case we adopted a perspective to study a particular aspect of the rhetoric that comes from the context of a particular controversy: the controversy on the advantages of the free commerce between Daly...
Persistent link: https://www.econbiz.de/10015221739
We investigate the effect of intragroup competition and risky marginal per capita returns on subjects' cooperative behavior in a one-shot public good game – following the wellknown approach proposed by Fischbacher, Gächter, and Fehr (2001) and extending the Colasante et al. (2019) and...
Persistent link: https://www.econbiz.de/10015226087
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/10015226522