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We discuss the issues that arise in modeling the notion of common belief of rationality in epistemic models of dynamic games, in particular at the level of interpretation of strategies. A strategy in a dynamic game is defined as a function that associates with every information set a choice at...
Persistent link: https://www.econbiz.de/10011545295
The analysis of rational play in dynamic games is usually done within a static framework that specifies a player's initial beliefs as well as his disposition to revise those beliefs conditional on hypothetical states of information. We suggest a simpler approach, where the rationality of a...
Persistent link: https://www.econbiz.de/10010282076
In a companion paper we introduced a general notion of perfect Bayesian equilibrium which can be applied to arbitrary extensive-form games. The essential ingredient of the proposed definition is the qualitative notion of AGM-consistency. In this paper we provide an epistemic foundation for...
Persistent link: https://www.econbiz.de/10010282086
We discuss a number of conceptual issues that arise in attempting to capture, in dynamic games, the notion that there is common understanding among the players that they are all rational.
Persistent link: https://www.econbiz.de/10010282092
We study belief change in the branching-time structures introduced in [4]. First, we identify a property of branching-time frames that is equivalent to AGM-consistency, which is defined as follows. A frame is AGM-consistent if the partial belief revision function associated with an arbitrary...
Persistent link: https://www.econbiz.de/10010282096
We provide a general notion of perfect Bayesian equilibrium which can be applied to arbitrary extensive-form games and is intermediate between subgame-perfect equilibrium and sequential equilibrium. The essential ingredient of the proposed definition is the qualitative notion of AGM-consistency,...
Persistent link: https://www.econbiz.de/10010282101
In [G. Bonanno, Rational choice and AGM belief revision, Artificial Intelligence, 2009] a semantics for one-stage AGM belief revision was proposed based on choice frames, borrowed from the rational choice literature. In this paper we extend the semantics of choice frames to deal with iterated...
Persistent link: https://www.econbiz.de/10010282120
This is the first draft of a chapter for the forthcoming Handbook of Epistemic Logic, edited by Hans van Ditmarsch, Joe Halpern, Wiebe van der Hoek and Barteld Kooi (College Publications). Contents: 1. Introduction 2. Epistemic Models of Strategic-Form Games 3. Semantic Analysis of Common Belief...
Persistent link: https://www.econbiz.de/10010286846
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