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Myopic individuals belonging to an infinite population repeatedly and independently have to choose one of two actions. Between choices each individual is informed about the success of one random other individual. We search among rules with a single round of memory for a rule that attains minimax...
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This paper introduces a new solution concept, a minimax regret equilibrium, which allows for the possibility that players are uncertain about the rationality and conjectures of their opponents. We provide several applications of our concept. In particular, we consider price-setting environments...
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We consider the problem of pricing a single object when the seller has only minimal information about the true valuation of the buyer. Specifically, the seller only knows the support of the possible valuations and has no further distributional information.The seller is solving this choice...
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