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Dynamic Unawareness and Rationalizable Behavior
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C - 2009
We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984) notion of extensive-form (correlated) rationalizability to this setting, explore its properties and prove existence. We define also a new variant of this solution concept, prudent...
Persistent link: https://www.econbiz.de/10015216762
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Dynamic Unawareness and Rationalizable Behavior
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - 2009
We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984) notion of extensive-form (correlated) rationalizability to this setting, explore its properties and prove existence. We define also a new variant of this solution concept, prudent...
Persistent link: https://www.econbiz.de/10015218945
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Unawareness, Beliefs and Speculative Trade
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C - 2009
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...
Persistent link: https://www.econbiz.de/10015218946
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Speculative Trade under Unawareness: The Infinite Case
Meier, Martin; Schipper, Burkhard C - 2010
We generalize the "No-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and Schipper (2009) to the infinite case.
Persistent link: https://www.econbiz.de/10015220343
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Game theory on strategic communication: an approach from Thomas S. Schelling
Estrada, Fernando; Hernández Porrras, María Leonor - 2010
In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...
Persistent link: https://www.econbiz.de/10015221049
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Prudent rationalizability in generalized extensive-form games
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C - 2011
the procedure, for each information set of a player a surviving strategy of hers is required to be rational vis-a-vis a … belief system with a full-support belief on the opponents' previously surviving strategies that reach that information set … show that it yields the same, full information unraveling prediction as does the unique sequential equilibrium singled out …
Persistent link: https://www.econbiz.de/10015226522
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Preference-Based Unawareness
Schipper, Burkhard C - 2011
Morris (1996, 1997) introduced preference-based definitions of knowledge of belief in standard state-space structures … defining unawareness and knowledge in terms of preferences over acts in unawareness structures and showing their equivalence to … the epistemic notions of unawareness and knowledge, we try to build a bridge between decision theory and epistemic logic …
Persistent link: https://www.econbiz.de/10015226523
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Thomas S. Schelling: game theory and indirect communication
Estrada, Fernando - 2010
In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...
Persistent link: https://www.econbiz.de/10015229513
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Game theory on strategic communication: an approach from Thomas S. Schelling
Estrada, Fernando - 2010
In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality...
Persistent link: https://www.econbiz.de/10015238890
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Revealed Unawareness
Schipper, Burkhard C - 2010
I develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier, and Schipper (2006, 2008, 2009) as primitives in the Anscombe-Aumann approach to subjective expected utility. I observe that a decision maker is unaware of an event if and...
Persistent link: https://www.econbiz.de/10015220896