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In this survey article, we report results on the existence of pure-strategy Nash equilibria in games with an atomless … mixed-strategy Nash equilibria, and settings in which private information, anonymity and idiosyncratic shocks are given …
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We introduce a class of communication equilibria, which we call self-fulfilling mechanisms, and show that they provide a game-theoretic foundation to rational expectations equilibria.
Persistent link: https://www.econbiz.de/10005618870
This paper describes the historical evolution of the analysis of some aspects of the strategic use of information. The … use of mixed strategies aims to create uncertainty on the move to be played or on the private information of the players …
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experience and in which sellers, with private information about their type, choose utility-maximizing signals given these prices …
Persistent link: https://www.econbiz.de/10005200464
evolutionary forces in games played repeatedly in large populations of boundedly rational agents. The approach is macro oriented in …
Persistent link: https://www.econbiz.de/10010335048
Applying unawareness belief structures introduced in Heifetz, Meier, and Schipper (2012), we develop Bayesian games … higher awareness levels and restricted from higher to lower awareness levels. We apply Bayesian games with unawareness to … relationship between standard Bayesian games and Bayesian games with unawareness. …
Persistent link: https://www.econbiz.de/10010282088