کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
956939 928500 2013 31 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Finite-order type spaces and applications
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Finite-order type spaces and applications
چکیده انگلیسی

We propose a framework of consistent finite-order priors to facilitate the incorporation of higher-order uncertainties into Bayesian game analysis, without invoking the concept of a universal type space. Several recent models, which give rise to stunning results with higher-order uncertainties, turn out to operate with certain consistent order-2 priors. We introduce canonical representations of consistent finite-order priors, which we apply to establish a criterion for determining the orders of strategically relevant beliefs for abstract Harsanyi type spaces. We derive finite-order projections of type spaces and discuss convergence of BNEs based on them as the projection order increases. Finally, we introduce finite-order total variation distances between priors, which are suitable for analyzing the issues on equilibrium continuity and robustness. We revisit recent advancements of Bayesian game theory and develop new insights based on our framework.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 148, Issue 2, March 2013, Pages 689–719
نویسندگان
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