Predictions under common knowledge of payoffs may differ from those under arbitrarily, but finitely, many orders of mutual knowledge; Rubinstein's (1989) Email game is a seminal example. Weinstein and Yildiz (2007) showed that the discontinuity in the example generalizes: for all types with multiple rationalizable (ICR) actions, there exist similar types with unique rationalizable action. This paper studies how a wide class of departures from common belief in rationality impact Weinstein and Yildiz's discontinuity. We weaken ICR to ICR-x, where x is a sequence whose n-th term is the probability players attach to (n - 1)th-order belief in rationality. We find that Weinstein and Yildiz's discontinuity holds when higher-order belief in ration...
Abstract. Present economic theories make a common-knowledge assump-tion that implies that the first ...
We study an interactive framework that explicitly allows for non-rational behavior. We do not place ...
We study an interactive framework that explicitly allows for nonrational behavior. We do not place a...
Predictions under common knowledge of payoffs may differ from those under arbitrarily, but finitely...
Economic predictions are highly sensitive to model and informational specifi-cations. Weinstein and ...
We study the strategic impact of players’ higher-order uncertainty over the observability of actions...
We extend Aumann’s [3] theorem, deriving correlated equilibria as a consequence of common priors and...
We extend Aumann's [3] theorem, deriving correlated equilibria as a consequence of common priorsand ...
We analyze “nice” games (where action spaces are compact intervals, utilities continuous and strictl...
The purpose of this article is to investigate epistemic conditions for a sequential equilibrium in a...
A foundational assumption in economics is that people are rational-- they choose optimal plans of ac...
In an important paper, Weinstein and Yildiz (2007) show that if players have an infinite depth of re...
We provide epistemic conditions for correlated rationalizability, which are considerably weaker than...
A foundational assumption in economics is that people are rational--they choose optimal plans of act...
The purpose of this article is to investigate epistemic conditions for a sequential equilib-rium in ...
Abstract. Present economic theories make a common-knowledge assump-tion that implies that the first ...
We study an interactive framework that explicitly allows for non-rational behavior. We do not place ...
We study an interactive framework that explicitly allows for nonrational behavior. We do not place a...
Predictions under common knowledge of payoffs may differ from those under arbitrarily, but finitely...
Economic predictions are highly sensitive to model and informational specifi-cations. Weinstein and ...
We study the strategic impact of players’ higher-order uncertainty over the observability of actions...
We extend Aumann’s [3] theorem, deriving correlated equilibria as a consequence of common priors and...
We extend Aumann's [3] theorem, deriving correlated equilibria as a consequence of common priorsand ...
We analyze “nice” games (where action spaces are compact intervals, utilities continuous and strictl...
The purpose of this article is to investigate epistemic conditions for a sequential equilibrium in a...
A foundational assumption in economics is that people are rational-- they choose optimal plans of ac...
In an important paper, Weinstein and Yildiz (2007) show that if players have an infinite depth of re...
We provide epistemic conditions for correlated rationalizability, which are considerably weaker than...
A foundational assumption in economics is that people are rational--they choose optimal plans of act...
The purpose of this article is to investigate epistemic conditions for a sequential equilib-rium in ...
Abstract. Present economic theories make a common-knowledge assump-tion that implies that the first ...
We study an interactive framework that explicitly allows for non-rational behavior. We do not place ...
We study an interactive framework that explicitly allows for nonrational behavior. We do not place a...