• Medientyp: E-Book
  • Titel: Discovery and equilibrium in games with unawareness
  • Beteiligte: Schipper, Burkhard [Verfasser:in]
  • Erschienen: [Davis, CA]: [University of California, Davis, Department of Economics], [2021]
  • Erschienen in: University of California Davis: Working papers ; 340
  • Umfang: 1 Online-Ressource (circa 54 Seiten); Illustrationen
  • Sprache: Englisch
  • Identifikator:
  • Schlagwörter: Self-confirming equilibrium ; conjectural equilibrium ; extensive-form rationalizability ; unawareness ; extensive-form games ; equilibrium ; learning ; discovery ; Graue Literatur
  • Entstehung:
  • Anmerkungen:
  • Beschreibung: Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning process because players may discover novel actions during play. In this sense, many games with unawareness are "self-destroying" as a player's representation of the game may change after playing it once. We define discovery processes where at each state there is an extensive-form game with unawareness that together with the players' play determines the transition to possibly another extensive-form game with unawareness in which players are now aware of actions that they have discovered. A discovery process is rationalizable if players play extensive-form rationalizable strategies in each game with unawareness. We show that for any game with unawareness there is a rationalizable discovery process that leads to a self-confirming game that possesses a self-confirming equilibrium in extensive-form rationalizable strategies. This notion of equilibrium can be interpreted as steady-state of both a discovery and learning process.
  • Zugangsstatus: Freier Zugang