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Rationality, Strategic Uncertainty and Belief Diversity in Non-Cooperative Games

Zambrano, Eduardo - 2015

I investigate the existence of epistemic models for complete information games that satisfy the following properties: (R) players do not rule out their opponents use rational ex ante strategies for deriving their choices, (K) they do not rule out, ex ante, that they can come to know the action...

Persistent link: https://www.econbiz.de/10012707988

Strategies under strategic uncertainty

Mass, Helene - 2018

rationality and eliminate all strategies which are not rationalizable. Second, I apply the maximin expected utility criterion …

Persistent link: https://www.econbiz.de/10011946016

Uncertain rationality, depth of reasoning and robustness in games with incomplete information

Germano, Fabrizio; Weinstein, Jonathan; Zuazo-Garin, Peio - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 1, pp. 89-122

unique rationalizable action. This paper studies how a wide class of departures from common belief in rationality impact … attach to (n- 1)th-order belief in rationality. We find that Weinstein and Yildiz's discontinuity remains when λn is above an … appropriate threshold for all n, but fails when λn converges to 0. That is, if players' confidence in mutual rationality persists …

Persistent link: https://www.econbiz.de/10012159030

Adaptive Rationality in Strategic Interaction : Do Emotions Regulate Thinking about Others?

Ehrig, Timo; Manjaly, Jaison; Singh, Aditya; Sunder, Shyam - 2021

interactions in and across organizations. In the game theoretic conception of rationality, agents reason iteratively about each … on what others think about their thinking. Drawing on a controlled experiment, we ﬁnd that a negative emotion (fear …) deepens the tendency to engage in iterative reasoning, compared to a positive emotion (amusement). Moreover, neutral emotions …

Persistent link: https://www.econbiz.de/10013324375

An agent-based model of rational optimism

Gutiérrez Diez, Pedro José; Rodríguez-Palmero, Carlos - In: International journal of risk assessment and management … 21 (2018) 3, pp. 155-183

Persistent link: https://www.econbiz.de/10011978909

Microeconomics

Allen, Beth Elaine (contributor) - 1996

Persistent link: https://www.econbiz.de/10000870741

Rationality and the Bayesian paradigm

Gilboa, Itzhak - In: The journal of economic methodology 22 (2015) 3, pp. 312-334

Persistent link: https://www.econbiz.de/10011386620

Epistemic robustness of sets closed under rational behavior

Asheim, Geir B.; Voorneveld, Mark; Weibull, Jörgen W. - 2009

This paper provides two conditions of epistemic robustness, robustness to alternative best replies and robustness to non-best replies, and uses them to characterize variants of curb sets in finite games, including the set of rationalizable strategies. -- epistemic game theory ; epistemic...

Persistent link: https://www.econbiz.de/10003823241

Endogenous public information and welfare

Vives, Xavier - 2011

This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...

Persistent link: https://www.econbiz.de/10009259934

Epistemically stable strategy sets

Asheim, Geir B.; Voorneveld, Max; Weibull, Jörgen W. - 2010

This paper provides a definition of epistemic stability of sets of strategy profiles, and uses it to characterize variants of curb sets in finite games, including the set of rationalizable strategies and minimal curb sets. -- Epistemic game theory ; epistemic stability ; rationalizability ;...

Persistent link: https://www.econbiz.de/10003926287