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We model a player's uncertainty about other players' strategy choices as smooth probability distributions over their strategy sets. We call a strategy profile (strictly) robust to strategic uncertainty if it is the limit, as uncertainty vanishes, of some sequence (all sequences) of strategy...
Persistent link: https://www.econbiz.de/10013132875
This paper studies the interplay between economic incentives and social norms in firms. We introduce a general framework to model social norms arguing that norms stem from agents' desire for, or peer pressure towards, social efficiency. In a simple model of team production we examine the...
Persistent link: https://www.econbiz.de/10013136669
We model a player's uncertainty about other players' strategy choices as smooth probability distributions over their strategy sets. We call a strategy profile (strictly) robust to strategic uncertainty if it is the limit, as uncertainty vanishes, of some sequence (all sequences) of strategy...
Persistent link: https://www.econbiz.de/10013115932
Persistent link: https://www.econbiz.de/10014340841
Persistent link: https://www.econbiz.de/10000760346
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
Persistent link: https://www.econbiz.de/10008657227
We model a player's uncertainty about other player's strategy choices as probability distributions over their strategy sets. We call a strategy profile robust to strategic uncertainty if it is the limit, as uncertainty vanishes, of some sequence of strategy profiles in each of which every...
Persistent link: https://www.econbiz.de/10003950018
Persistent link: https://www.econbiz.de/10003992216
This paper studies the interplay between economic incentives and social norms in firms. We introduce a general framework to model social norms arguing that norms stem from agents' desire for, or peer pressure towards, social efficiency. In a simple model of team production we examine the...
Persistent link: https://www.econbiz.de/10009154576