Belief-Free Equilibria in Games With Incomplete Information
Abstract
We define belief-free equilibria in two-player games with incomplete information as sequential equilibria for which players' continuation strategies are best replies after every history, independently of their beliefs about the state of nature. We characterize a set of payoffs that includes all belief-free equilibrium payoffs. Conversely, any payoff in the interior of this set is a belief-free equilibrium payoff. The characterization is applied to the analysis of reputations. Copyright 2009 The Econometric Society.Download Info
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Bibliographic Info
Article provided by Econometric Society in its journal Econometrica.
Volume (Year): 77 (2009)
Issue (Month): 2 (03)
Pages: 453-487
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Lovo, Stefano & Tomala, Tristan & Hörner, Johannes, 2009. "Belief-free equilibria in games with incomplete information: characterization and existence," Les Cahiers de Recherche 921, HEC Paris.
- Fudenberg, Drew & Yamamoto, Yuichi, 2011. "Learning from private information in noisy repeated games," Journal of Economic Theory, Elsevier, vol. 146(5), pages 1733-1769, September.
- Francoise Forges & Antoine Salomon, 2013. "Bayesian Repeated Games," Working Papers hal-00803919, HAL.
- Breitmoser, Yves, 2012. "Cooperation, but no reciprocity: Individual strategies in the repeated Prisoner's Dilemma," MPRA Paper 41731, University Library of Munich, Germany.
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