Introspection and Equilibrium Selection in 2 x 22 Matrix Games
AbstractGame theory lacks an explanation of how players' beliefs are formed and why they are in equilibrium. This is the reason why it has failed to make significant advances with the problem of equilibrium selection even for quite simple games, as 2 x 2 games with two strict Nash equilibrium. Our paper models the introspection process by which the selected equilibrium is achieved in this class of games. Players begin their analysis with imprecise priors, obtained under weak restrictions formulated as Axioms. For a large class of reasoning dynamics we obtain as the solution the risk dominant Nash equilibrium.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Springer in its journal International Journal of Game Theory.
Volume (Year): 23 (1994)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00182/index.htm
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Jacob K. Goeree & Charles A. Holt, 2000.
"Ten Little Treasures of Game Theory and Ten Intuitive Contradictions,"
Virginia Economics Online Papers
333, University of Virginia, Department of Economics.
- Jacob K. Goeree & Charles A. Holt, 2001. "Ten Little Treasures of Game Theory and Ten Intuitive Contradictions," American Economic Review, American Economic Association, vol. 91(5), pages 1402-1422, December.
- Jacob K Goeree & Charles A Holt, 2004. "Ten Little Treasures of Game Theory and Ten Intuitive Contradictions," Levine's Working Paper Archive 618897000000000900, David K. Levine.
- Goeree, Jacob K. & Holt, Charles A., 2004.
"A model of noisy introspection,"
Games and Economic Behavior,
Elsevier, vol. 46(2), pages 365-382, February.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If references are entirely missing, you can add them using this form.