Incomplete information and iterated strict dominance
Abstract The solution concept of iterated strict dominance for static games with complete information recursively deletes choices that are inferior. Here, we devise such an algorithm for the more general case of incomplete information. The ensuing solution concept of generalized iterated strict domi...
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| Veröffentlicht in: | Oxford economic papers 2021-04, Vol.73 (2), p.820-836 |
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| container_issue | 2 |
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| container_title | Oxford economic papers |
| container_volume | 73 |
| creator | Bach, Christian W Perea, Andrés |
| description | Abstract
The solution concept of iterated strict dominance for static games with complete information recursively deletes choices that are inferior. Here, we devise such an algorithm for the more general case of incomplete information. The ensuing solution concept of generalized iterated strict dominance is characterized in terms of common belief in rationality as well as in terms of best response sets. Besides, we provide doxastic conditions that are necessary and sufficient for modelling complete information from a one-person perspective. |
| doi_str_mv | 10.1093/oep/gpz075 |
| format | Article |
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The solution concept of iterated strict dominance for static games with complete information recursively deletes choices that are inferior. Here, we devise such an algorithm for the more general case of incomplete information. The ensuing solution concept of generalized iterated strict dominance is characterized in terms of common belief in rationality as well as in terms of best response sets. Besides, we provide doxastic conditions that are necessary and sufficient for modelling complete information from a one-person perspective.</description><identifier>ISSN: 0030-7653</identifier><identifier>EISSN: 1464-3812</identifier><identifier>DOI: 10.1093/oep/gpz075</identifier><language>eng</language><publisher>Oxford University Press</publisher><subject>Spieltheorie ; Unvollkommene Information</subject><ispartof>Oxford economic papers, 2021-04, Vol.73 (2), p.820-836</ispartof><rights>Oxford University Press 2020. All rights reserved. 2020</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><cites>FETCH-LOGICAL-c240t-ade4b26196a0de863dba829778a278f9014f769183a0fcf8de0b76ff42749d263</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,777,781,1579,27905,27906</link.rule.ids></links><search><creatorcontrib>Bach, Christian W</creatorcontrib><creatorcontrib>Perea, Andrés</creatorcontrib><title>Incomplete information and iterated strict dominance</title><title>Oxford economic papers</title><description>Abstract
The solution concept of iterated strict dominance for static games with complete information recursively deletes choices that are inferior. Here, we devise such an algorithm for the more general case of incomplete information. The ensuing solution concept of generalized iterated strict dominance is characterized in terms of common belief in rationality as well as in terms of best response sets. Besides, we provide doxastic conditions that are necessary and sufficient for modelling complete information from a one-person perspective.</description><subject>Spieltheorie</subject><subject>Unvollkommene Information</subject><issn>0030-7653</issn><issn>1464-3812</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><recordid>eNp9zztLBDEYheEgCq6rjb9gGhth3C-XyaWURdeFBRuth0wuEtlJhiQW-usdGcHO6jQPB16ErjHcYVB0k9y0eZu-QHQnaIUZZy2VmJyiFQCFVvCOnqOLUt4BgEEnVojto0njdHTVNSH6lEddQ4qNjrYJ1WVdnW1KzcHUxqYxRB2Nu0RnXh-Lu_rdNXp9fHjZPrWH591-e39oDWFQW20dGwjHimuwTnJqBy2JEkJqIqRXgJkXXGFJNXjjpXUwCO49I4IpSzhdo9vl1-RUSna-n3IYdf7sMfQ_vf3c2y-9M24W7EyKofzRuRpAMSZncrOQ9DH9d_UNFx9g0g</recordid><startdate>20210401</startdate><enddate>20210401</enddate><creator>Bach, Christian W</creator><creator>Perea, Andrés</creator><general>Oxford University Press</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope></search><sort><creationdate>20210401</creationdate><title>Incomplete information and iterated strict dominance</title><author>Bach, Christian W ; Perea, Andrés</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c240t-ade4b26196a0de863dba829778a278f9014f769183a0fcf8de0b76ff42749d263</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Spieltheorie</topic><topic>Unvollkommene Information</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Bach, Christian W</creatorcontrib><creatorcontrib>Perea, Andrés</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><jtitle>Oxford economic papers</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Bach, Christian W</au><au>Perea, Andrés</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Incomplete information and iterated strict dominance</atitle><jtitle>Oxford economic papers</jtitle><date>2021-04-01</date><risdate>2021</risdate><volume>73</volume><issue>2</issue><spage>820</spage><epage>836</epage><pages>820-836</pages><issn>0030-7653</issn><eissn>1464-3812</eissn><abstract>Abstract
The solution concept of iterated strict dominance for static games with complete information recursively deletes choices that are inferior. Here, we devise such an algorithm for the more general case of incomplete information. The ensuing solution concept of generalized iterated strict dominance is characterized in terms of common belief in rationality as well as in terms of best response sets. Besides, we provide doxastic conditions that are necessary and sufficient for modelling complete information from a one-person perspective.</abstract><pub>Oxford University Press</pub><doi>10.1093/oep/gpz075</doi><tpages>17</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0030-7653 |
| ispartof | Oxford economic papers, 2021-04, Vol.73 (2), p.820-836 |
| issn | 0030-7653 1464-3812 |
| language | eng |
| recordid | cdi_crossref_primary_10_1093_oep_gpz075 |
| source | Oxford University Press Journals All Titles (1996-Current) |
| subjects | Spieltheorie Unvollkommene Information |
| title | Incomplete information and iterated strict dominance |
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