Dynamic unawareness and rationalizable behavior

Dynamic unawareness and rationalizable behavior

We define generalized extensive-form games which allow for asymmetric awareness of actions. We extend Pearceʼs (1984) notion of extensive-form (correlated) rationalizability to this setting, explore its properties, and prove existence. •We define generalized extensive-form games which allow for asym...

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Veröffentlicht in:Games and economic behavior 2013-09, Vol.81, p.50-68
Hauptverfasser: Heifetz, Aviad, Meier, Martin, Schipper, Burkhard C.
Format: Artikel
Sprache:eng
Schlagworte:
Asymmetric information
Behavior
Correlation analysis
Economic analysis
Economic behaviour
Economic dynamics
Economic theory
Extensive-form games
Extensive-form rationalizability
Game theory
Games
Studies
Unawareness
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Beschreibung
Zusammenfassung:We define generalized extensive-form games which allow for asymmetric awareness of actions. We extend Pearceʼs (1984) notion of extensive-form (correlated) rationalizability to this setting, explore its properties, and prove existence. •We define generalized extensive-form games which allow for asymmetric awareness of actions.•We extend Pearceʼs (1984) notion of extensive-form (correlated) rationalizability to generalized extensive-form games.•We prove existence and explore properties of extensive-form rationalizability in generalized extensive-form games.
ISSN:0899-8256
1090-2473
DOI:10.1016/j.geb.2013.04.003