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Belief-free Equilibria in games with incomplete information

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  • LOVO, Stefano
  • HÖRNER, Johanes

Abstract

In this paper, the authors 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. They 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.

Suggested Citation

  • LOVO, Stefano & HÖRNER, Johanes, 2006. "Belief-free Equilibria in games with incomplete information," HEC Research Papers Series 845, HEC Paris.
    • Handle: RePEc:ebg:heccah:0845
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    References listed on IDEAS

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    More about this item

    Keywords

    game theory; equilibria; information;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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