Incomplete information in macroeconomics: Accommodating frictions in coordination

GM Angeletos, C Lian - Handbook of macroeconomics, 2016 - Elsevier
This chapter studies how incomplete information helps accommodate frictions in
coordination, leading to novel insights on the joint determination of expectations and …

Extensive games with possibly unaware players

JY Halpern, LC Rêgo - Proceedings of the fifth international joint …, 2006 - dl.acm.org
Standard game theory assumes that the structure of the game is common knowledge among
players. We relax this assumption by considering extensive games where agents may be …

Dynamic higher order expectations

K Nimark - 2017 - papers.ssrn.com
In models where privately informed agents interact, they may need to form higher-order
expectations, ie expectations about other agents' expectations. In this paper we prove that …

Robust implementation in direct mechanisms

D Bergemann, S Morris - The Review of Economic Studies, 2009 - academic.oup.com
A social choice function is robustly implementable if there is a mechanism under which the
process of iteratively eliminating strictly dominated messages lead to outcomes that agree …

Hierarchies of belief and interim rationalizability

JC Ely, M Peski - 2006 - utoronto.scholaris.ca
Abstract [This item is a preserved copy. To view the original, visit http://econtheory. org/] In
games with incomplete information, conventional hierarchies of belief are incomplete as …

BDI logics for BDI architectures: old problems, new perspectives

A Herzig, E Lorini, L Perrussel, Z Xiao - KI-Künstliche Intelligenz, 2017 - Springer
The mental attitudes of belief, desire, and intention play a central role in the design and
implementation of autonomous agents. In 1987, Bratman proposed their integration into a …

Uncertainty about uncertainty and delay in bargaining

Y Feinberg, A Skrzypacz - Econometrica, 2005 - Wiley Online Library
We study a one‐sided offers bargaining game in which the buyer has private information
about the value of the object and the seller has private information about his beliefs about …

Feasible joint posterior beliefs

I Arieli, Y Babichenko… - Journal of Political …, 2021 - journals.uchicago.edu
We study the set of possible joint posterior belief distributions of a group of agents who
share a common prior regarding a binary state and who observe some information structure …

A single-judge solution to beauty contests

Z Huo, M Pedroni - American Economic Review, 2020 - aeaweb.org
We show that the equilibrium policy rule in beauty contest models is equivalent to that of a
single agent's forecast of the economic fundamental. This forecast is conditional on a …

Expectations, networks, and conventions

B Golub, S Morris - arXiv preprint arXiv:2009.13802, 2020 - arxiv.org
In coordination games and speculative over-the-counter financial markets, solutions depend
on higher-order average expectations: agents' expectations about what counterparties, on …