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Bayesian Equilibria of Finite Two-Person Games with Incomplete Information

Author

Listed:
  • Joseph T. Howson, Jr.

    (School of Management, Boston College)

  • Robert W. Rosenthal

    (Department of Industrial Engineering and Management Sciences, Northwestern University)

Abstract

The equivalence of Bayesian equilibria of two-person games with incomplete information and Nash equilibria of certain n-person polymatrix games is demonstrated by means of a specific "Selten model." As a byproduct, constructions recently developed for polymatrix games are available for Bayesian equilibria.

Suggested Citation

  • Joseph T. Howson, Jr. & Robert W. Rosenthal, 1974. "Bayesian Equilibria of Finite Two-Person Games with Incomplete Information," Management Science, INFORMS, vol. 21(3), pages 313-315, November.
  • Handle: RePEc:inm:ormnsc:v:21:y:1974:i:3:p:313-315
    DOI: 10.1287/mnsc.21.3.313
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    Cited by:

    1. Govindan, Srihari & Wilson, Robert, 2004. "Computing Nash equilibria by iterated polymatrix approximation," Journal of Economic Dynamics and Control, Elsevier, vol. 28(7), pages 1229-1241, April.
    2. P. Herings & Ronald Peeters, 2010. "Homotopy methods to compute equilibria in game theory," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 42(1), pages 119-156, January.
    3. Govindan, Srihari & Wilson, Robert, 2003. "A global Newton method to compute Nash equilibria," Journal of Economic Theory, Elsevier, vol. 110(1), pages 65-86, May.
    4. Abbas Edalat & Samira Hossein Ghorban & Ali Ghoroghi, 2018. "Ex Post Nash Equilibrium in Linear Bayesian Games for Decision Making in Multi-Environments," Games, MDPI, vol. 9(4), pages 1-24, October.
    5. Wenting Zhao & Jun Lv & Xilong Yao & Juanjuan Zhao & Zhixin Jin & Yan Qiang & Zheng Che & Chunwu Wei, 2019. "Consortium Blockchain-Based Microgrid Market Transaction Research," Energies, MDPI, vol. 12(20), pages 1-22, October.

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