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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/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
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
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
We prove a no-speculative-trade theorem under unawareness for the infinite case. This generalizes the result for the …
Persistent link: https://www.econbiz.de/10010318836
The standard state-spaces of asymmetric information preclude non- trivial forms of unawareness (Dekel, Lipman and … Rustichini, 1998). We introduce a generalized state-space model that allows for non-trivial unawareness among several individuals …, and which satisfies strong properties of knowledge as well as all the desiderata on unawareness proposed this far in the …
Persistent link: https://www.econbiz.de/10010263088
Heifetz, Meier and Schipper (2005) introduced a generalized state-space model that allows for non-trivial unawareness …
Persistent link: https://www.econbiz.de/10010276583
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/10010276586
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/10010276636
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/10010333811