Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10001619162
Persistent link: https://www.econbiz.de/10002055057
Green, and later Sabourian studied repeated games where a player’s payoff depends on his actions and an anonymous aggregate outcome, and show that long-run players behave myopically in any equilibrium of such games. In this paper we extend these results to games where the aggregate outcome is...
Persistent link: https://www.econbiz.de/10014172014
Persistent link: https://www.econbiz.de/10001352569
We examine repeated games with incomplete information where the type spaces of the players may be large. It is shown that if the belief of each player, regarding future play of the game, accommodates the true play then a Nash equilibrium of the incomplete information game will evolve, with time,...
Persistent link: https://www.econbiz.de/10014172012
We introduce a new solution concept for short-sighted players engaging in a repeated interaction: a Belief-based equilibrium (BBE). In a BBE, players optimize myopically given their beliefs which are not necessarily correct, but are not contradicted by the data. We show that, if the stage game...
Persistent link: https://www.econbiz.de/10014172019