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Due to their many applications, large Bayesian games have been a subject of growing interest in game theory and related fields. But to a large extent, models (1) have been restricted to one-shot interaction, (2) are based on an assumption that player types are independent and (3) assume that the...
Persistent link: https://www.econbiz.de/10010352862
Due to their many applications, large Bayesian games have been a subject of growing interest in game theory and related fields. But to a large extent, models (1) have been restricted to one-shot interaction, (2) are based on an assumption that player types are independent and (3) assume that the...
Persistent link: https://www.econbiz.de/10009733282
Persistent link: https://www.econbiz.de/10012026354
We propose to strengthen Popper's notion of falsifiability by adding the requirement that when an observation is inconsistent with a theory, there must be a "short proof" of this inconsistency. We model the concept of a short proof using tools from computational complexity, and provide some...
Persistent link: https://www.econbiz.de/10010878550
Persistent link: https://www.econbiz.de/10005824745
Persistent link: https://www.econbiz.de/10005252404
This paper describes a general principle that can be used to elicit honest opinions, even if risk attitudes are unknown. JEL Classification: D83
Persistent link: https://www.econbiz.de/10010667424
In Bayesian environments with private information, as described by the types of Harsanyi, how can types of agents be (statistically) disassociated from each other and how are such disassociations reflected in the agents’ knowledge structure? Conditions studied are (i) subjective independence...
Persistent link: https://www.econbiz.de/10005017524
Persistent link: https://www.econbiz.de/10005588224
A player's strategy, for an n-person infinitely repeated game with discounting, is subjectively rational if it is a best response to his individual beliefs regarding opponents' strategies. A vector of such strategies is a subjective equilibrium if the play induced by it is realization equivalent...
Persistent link: https://www.econbiz.de/10005588297