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I study how choice behavior given unawareness of an event differs from choice behavior given subjective belief of zero … probability on that event. Depending on different types of unawareness the decision-maker suffers, behavior under unawareness is … either incomparable with that under zero probability (in the case of pure unawareness), or drastically different (in the case …
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We study (interim correlated) rationalizability in a game with incomplete information. We characterize the recursive set of possible rationalizable hierarchies through a finite automaton and provide a revelation principle that characterizes the distributions over these hierarchies that arise...
Persistent link: https://www.econbiz.de/10014243353
Formal Interactive Epistemology deals with the logic of knowledge and belief when there is more than one agent or … "player." One is interested not only in each person's knowledge and beliefs about substantive matters, but also in his … knowledge and beliefs about the others' knowledge and beliefs. This paper examines two parallel approaches to the subject. The …
Persistent link: https://www.econbiz.de/10014185743
Epistemic game theory formalizes assumptions about rationality and mutual beliefs in a formal language, then studies their behavioral implications in games. Specifically, it asks: what do different notions of rationality and different assumptions about what players believe about…what others...
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We study the probability that two or more agents can attain common knowledge of nontrivial events when the size of the … state space grows large. We adopt the standard epistemic model where the knowledge of an agent is represented by a partition … nontrivial common knowledge undergoes a phase transition. Regardless of the number of agents, when their cognitive capacity is …
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