Sensitivity of equilibrium behavior to higher-order beliefs in nice games
نویسندگان
چکیده
Article history: Received 14 April 2009 Available online xxxx JEL classification: C72 C73
منابع مشابه
Coordination and Higher Order Uncertainty
In these notes, we discuss work on coordination in situations of uncertainty and investigate the importance of “higher order beliefs” – that is, players’ beliefs about their opponents beliefs about their beliefs about. We start with a particular class of “global” coordination games of incomplete information where players’ beliefs are highly, but not perfectly, correlated. There games are intere...
متن کاملImpact of higher-order uncertainty
In some games, the impact of higher-order uncertainty is very large, implying that present economic theories may rely critically on the strong common knowledge assumptions they make. Focusing on normalform games in which the players’ action spaces are compact metric spaces, we show that our key condition, called “global stability under uncertainty,” implies that the maximum change in equilibriu...
متن کاملImproved Profitability and Competition in Two Level Supply Chain by Non-Cooperative Games
This article by modeling a non-cooperative dynamic game tries to improve profitability and competition. This paper has considered how the manufacturer interacts with multiple competitor distributors. Each distributor also determines the optimal distribution price and inventory replenishment policies to maximize their profits. The issue form a non-cooperative dynamic game. Distributors formulate...
متن کاملCorrelated equilibrium and higher order beliefs about play
Article history: Received 13 February 2010 Available online 1 June 2012 JEL classification: C72 D83
متن کاملResearch Summary
My thesis research is titled Bargaining under Higher Order Uncertainty and can be classified under the topic Interactive Epistemology in Game Theory and Decision Theory. Broadly speaking, my work is motivated by the interactive epistemological approach to both game theory ([19], [21], [7], [2], [3], [5] and [28]) and decision theory ([11] and [12]). I am interested in developing computationally...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Games and Economic Behavior
دوره 72 شماره
صفحات -
تاریخ انتشار 2011