Common belief of rationality in games of perfect information
نویسنده
چکیده
Article history: Received 12 June 2012 Available online 13 February 2013 JEL classification: C70 C72
منابع مشابه
TR-2010010: Robust Knowledge and Rationality
In 1995, Aumann proved that in games of perfect information, common knowledge of rationality yields backward induction. In 1998, Stalnaker provided an example of a game in which common knowledge of rationality, once belief revision is taken into account, does not yield backward induction. However, in some pertinent situations in this example, players are allowed to forfeit the rationality condi...
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In 1995, Aumann proved that in games of perfect information, common knowledge of rationality yields backward induction. In 1998, Stalnaker provided an example of a game in which common knowledge of rationality, once belief revision is taken into account, does not yield backward induction. However, in some pertinent situations in this example, players are allowed to forfeit the rationality condi...
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Stalnaker provided an example of a perfect information game in which common knowledge of rationality does not yield backward induction. However, in his example, knowledge is treated as defeasible: players forfeit their knowledge of rationality at some vertices. This is not how ‘knowledge’ is understood in epistemology where, unlike belief, it is not subject to revision. In this respect, the Sta...
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ورودعنوان ژورنال:
- Games and Economic Behavior
دوره 79 شماره
صفحات -
تاریخ انتشار 2013