E Catonini, N De Vito - Journal of Mathematical Economics, 2024 - Elsevier
We define notions of cautiousness and cautious belief to provide epistemic conditions for iterated admissibility in finite games. We show that iterated admissibility characterizes the …
A Friedenberg, HJ Keisler - Economic Theory, 2021 - Springer
Epistemic justifications of solution concepts often refer to type structures that are sufficiently rich. One important notion of richness is that of a complete type structure, ie, a type structure …
A Heifetz, M Meier, BC Schipper - Games and Economic Behavior, 2019 - Elsevier
We present a new solution concept for strategic games called comprehensive rationalizability that embodies a new version of “common cautious belief in rationality” based …
Using lexicographic probability systems as representations of players' beliefs, we define the solution procedure of directed lexicographic rationalizability. We show that the procedure …
Economic predictions often hinge on two intuitive premises: agents rule out the possibility of others choosing unreasonable strategies ('strategic reasoning'), and prefer strategies that …
Aumann's seminal agreement theorem deals with the impossibility for agents to acknowledge their distinct posterior beliefs. We consider agreeing to disagree in an …
GB Asheim, T Brunnschweiler - Games and Economic Behavior, 2023 - Elsevier
After having observed a deviation from backward induction, a player might deem the opponent prone to deviate from backward induction again, making it worthwhile to deviate …
In this dissertation I examine issues related to uncertainty and robustness in game theory. In Chapter 1 a strategic setting is analyzed where players face Knightian uncertainty about the …