IDEAS home Printed from https://ideas.repec.org/a/inm/ormnsc/v50y2004i12_supplementp1818-1824.html
   My bibliography  Save this article

Comments on "Games with Incomplete Information Played by 'Bayesian' Players, I--III Harsanyi's Games with Incoplete Information"

Author

Listed:
  • Roger B. Myerson

    (Department of Economics, University of Chicago, 1126 East 59th Street, Chicago, Illinois 60637)

Abstract

This review of Harsanyi's great three-part paper on "Games with Incomplete Information Played by 'Bayesian' Players" has been written for a special 50th anniversary issue of Management Science.

Suggested Citation

  • Roger B. Myerson, 2004. "Comments on "Games with Incomplete Information Played by 'Bayesian' Players, I--III Harsanyi's Games with Incoplete Information"," Management Science, INFORMS, vol. 50(12_supple), pages 1818-1824, December.
    • Handle: RePEc:inm:ormnsc:v:50:y:2004:i:12_supplement:p:1818-1824
    DOI: 10.1287/mnsc.1040.0297
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/mnsc.1040.0297
    Download Restriction: no
    File URL: https://libkey.io/10.1287/mnsc.1040.0297?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
    2. Robert J. Aumann, 1995. "Repeated Games with Incomplete Information," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011476, December.
    3. Holmstrom, Bengt & Myerson, Roger B, 1983. "Efficient and Durable Decision Rules with Incomplete Information," Econometrica, Econometric Society, vol. 51(6), pages 1799-1819, November.
    4. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
    5. John C. Harsanyi, 1968. "Games with Incomplete Information Played by "Bayesian" Players Part II. Bayesian Equilibrium Points," Management Science, INFORMS, vol. 14(5), pages 320-334, January.
    6. MERTENS, Jean-François & ZAMIR, Shmuel, 1985. "Formulation of Bayesian analysis for games with incomplete information," LIDAM Reprints CORE 608, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    7. John C. Harsanyi, 1968. "Games with Incomplete Information Played by `Bayesian' Players, Part III. The Basic Probability Distribution of the Game," Management Science, INFORMS, vol. 14(7), pages 486-502, March.
    8. Michael Rothschild & Joseph Stiglitz, 1976. "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 629-649.
    9. Roger B. Myerson, 1999. "Nash Equilibrium and the History of Economic Theory," Journal of Economic Literature, American Economic Association, vol. 37(3), pages 1067-1082, September.
    10. William Vickrey, 1961. "Counterspeculation, Auctions, And Competitive Sealed Tenders," Journal of Finance, American Finance Association, vol. 16(1), pages 8-37, March.
    11. John C. Harsanyi, 1967. "Games with Incomplete Information Played by "Bayesian" Players, I-III Part I. The Basic Model," Management Science, INFORMS, vol. 14(3), pages 159-182, November.
    12. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    13. Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(3), pages 355-374.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yasuo Sasaki, 2016. "An Equivalence Result on the Reduction of Games with Unawareness," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 18(03), pages 1-27, September.
    2. Soham R. Phade & Venkat Anantharam, 2021. "Mechanism Design for Cumulative Prospect Theoretic Agents: A General Framework and the Revelation Principle," Papers 2101.08722, arXiv.org.
    3. Guilhem Lecouteux, 2018. "Bayesian game theorists and non-Bayesian players," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 25(6), pages 1420-1454, November.
    4. Qin, Cheng-Zhong & Yang, Chun-Lei, 2009. "An Explicit Approach to Modeling Finite-Order Type Spaces and Applications," University of California at Santa Barbara, Economics Working Paper Series qt8hq7j89k, Department of Economics, UC Santa Barbara.
    5. Houyuan Jiang & Serguei Netessine & Sergei Savin, 2011. "TECHNICAL NOTE---Robust Newsvendor Competition Under Asymmetric Information," Operations Research, INFORMS, vol. 59(1), pages 254-261, February.
    6. John A. Weymark, 2006. "John Charles Harsanyi," Vanderbilt University Department of Economics Working Papers 0607, Vanderbilt University Department of Economics.
    7. Grabiszewski, Konrad, 2010. "Kernel-based type spaces," Journal of Economic Theory, Elsevier, vol. 145(6), pages 2483-2495, November.
    8. Wu, H. & Parlar, M., 2011. "Games with incomplete information: A simplified exposition with inventory management applications," International Journal of Production Economics, Elsevier, vol. 133(2), pages 562-577, October.
    9. Qin, Cheng-Zhong & Yang, Chun-Lei, 2013. "Finite-order type spaces and applications," Journal of Economic Theory, Elsevier, vol. 148(2), pages 689-719.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Etro, Federico, 2017. "Research in economics and game theory. A 70th anniversary," Research in Economics, Elsevier, vol. 71(1), pages 1-7.
    2. Myerson, Roger, 2001. "Learning Game Theory from John Harsanyi," Games and Economic Behavior, Elsevier, vol. 36(1), pages 20-25, July.
    3. Sonja Brangewitz & Claus-Jochen Haake, 2013. "Cooperative Transfer Price Negotiations under Incomplete Information," Working Papers CIE 64, Paderborn University, CIE Center for International Economics.
    4. Faruk Gul, 1997. "A Nobel Prize for Game Theorists: The Contributions of Harsanyi, Nash and Selten," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 159-174, Summer.
    5. Claus-Jochen Haake & Sonja Recker, 2018. "The Generalized Nash Bargaining Solution for Transfer Price Negotiations Under Incomplete Information," Group Decision and Negotiation, Springer, vol. 27(6), pages 905-932, December.
    6. Robert J. Weber, 1985. "Negotiation and Arbitration: A Game-Theoretic Perspective," Discussion Papers 666, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    7. Patacchini, Eleonora & Barwick, Panle Jia & Liu, Yanyan & Wu, Qi, 2019. "Information, Mobile Communication, and Referral Effects," CEPR Discussion Papers 13786, C.E.P.R. Discussion Papers.
    8. Lupton, Sylvie, 2006. "Il était une fois la qualité," MPRA Paper 5, University Library of Munich, Germany.
    9. Sexton, Richard J., 1991. "Game Theory: A Review With Applications To Vertical Control In Agricultural Markets," Working Papers 225865, University of California, Davis, Department of Agricultural and Resource Economics.
    10. von Wangenheim, Georg & Müller, Stephan, 2014. "Evolution of cooperation in social dilemmas: signaling internalized norms," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100340, Verein für Socialpolitik / German Economic Association.
    11. Lorán Chollete & Sharon G. Harrison, 2021. "Unintended Consequences: Ambiguity Neglect and Policy Ineffectiveness," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 47(2), pages 206-226, April.
    12. Luciano De Castro & Nicholas C. Yannelis, 2011. "Ambiguity aversion solves the conflict between efficiency and incentive compatibility," Economics Discussion Paper Series 1106, Economics, The University of Manchester.
    13. Nabil I. Al-Najjar & Luciano De Castro, 2010. "Uncertainty, Efficiency and Incentive Compatibility," Discussion Papers 1532, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    14. Zhao, Guo, 2015. "Dynamic Games under Bounded Rationality," MPRA Paper 62688, University Library of Munich, Germany.
    15. Aristotelis Boukouras & Kostas Koufopoulos, 2017. "Efficient allocations in economies with asymmetric information when the realized frequency of types is common knowledge," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(1), pages 75-98, June.
    16. Krzysztof Waśniewski, 2015. "Discretionary freedom of choice and risk in alternative capital markets," European Journal of Law and Economics, Springer, vol. 39(3), pages 573-605, June.
    17. Güth, Werner & Pezanis-Christou, Paul, 2015. "Believing in correlated types in spite of independence: An indirect evolutionary analysis," Economics Letters, Elsevier, vol. 134(C), pages 1-3.
    18. Kim, Jin Yeub, 2017. "Interim third-party selection in bargaining," Games and Economic Behavior, Elsevier, vol. 102(C), pages 645-665.
    19. Aristotelis Boukouras & Kostas Koufopoulos, 2015. "Efficient Allocations in Economies with Asymmetric Information when the Realized Frequency of Types is Common Knowledge," Discussion Papers in Economics 15/04, Division of Economics, School of Business, University of Leicester.
    20. Arnaud Wolff, 2019. "On the Function of Beliefs in Strategic Social Interactions," Working Papers of BETA 2019-41, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

    More about this item

    Keywords

    Bayesian game; incomplete information;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:50:y:2004:i:12_supplement:p:1818-1824. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.