Showing 1 - 8 of 8
Weakly acyclic games form a natural generalization of the class of games that have the finite improvement property (FIP). In such games one stipulates that from any initial joint strategy some finite improvement path exists. We classify weakly acyclic games using the concept of a scheduler...
Persistent link: https://www.econbiz.de/10011241942
We compare here the relative strength of four widely used procedures on finite strategic games: iterated elimination of weakly/strictly dominated strategies by a pure/mixed strategy. A complication is that none of these procedures is based on a monotonic operator. To deal with this problem we...
Persistent link: https://www.econbiz.de/10010836288
The rationalizability concept was introduced in Bernheim [Ber84] and Pearce [Pea84] to assess what can be inferred by rational players in a non-cooperative game in the presence of common knowledge. However, this notion can be defined in a number of ways that differ in seemingly unimportant minor...
Persistent link: https://www.econbiz.de/10005579563
We provide elementary and uniform proofs of order independence for various strategy elimination procedures for finite strategic games, both for dominance by pure and by mixed strategies. The proofs follow the same pattern and focus on the structural properties of the dominance relations. They...
Persistent link: https://www.econbiz.de/10005579649
We compare here the relative strength of four widely used procedures on finite strategic games: iterated elimination of weakly/strictly dominated strategies by a pure/mixed strategy. A complication is that none of these procedures is based on a monotonic operator. To deal with this problem we...
Persistent link: https://www.econbiz.de/10005110850
We propose an abstract approach to coalition formation that focuses on simple merge and split rules transforming partitions of a group of players. We identify conditions under which every iteration of these rules yields a unique partition. The main conceptual tool is a specific notion of a...
Persistent link: https://www.econbiz.de/10008493089
We establish a generic result concerning order independence of a dominance relation on finite games. It allows us to draw conclusions about order independence of various dominance relations in a direct and simple way.
Persistent link: https://www.econbiz.de/10008784423
It is well-known that in finite strategic games true common belief (or common knowledge) of rationality implies that the players will choose only strategies that survive the iterated elimination of strictly dominated strategies. We establish a general theorem that deals with monotonic...
Persistent link: https://www.econbiz.de/10008682971