Equilibrium Departures From Common Knowledge in Games With Non-Additive Expected Utility
AbstractIn a game where the players have non-additive beliefs, we explore the beliefs implicit in the equilibrium behaviour of the players. Under one interpretation, we can show that there are well-defined departures from common knowledge of the game among the players. Our argument revolves around a representation theorem which relates equilibrium under under non-additive beliefs to equilibrium actions of a set of types in a Bayesian game with a common prior. Among these types, the game is common p-belief, where the 'p' depends on the degree of uncertainty aversion. Only when the beliefs are additive is p=1.
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 InfoPaper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 137.
Length: 24 pages
Date of creation: 1997
Date of revision:
Contact details of provider:
Web page: http://www.nuff.ox.ac.uk/economics/
Other versions of this item:
- Mukerji Sujoy & Shin Hyun Song, 2002. "Equilibrium Departures from Common Knowledge in Games with Non-Additive Expected Utility," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 2(1), pages 1-30, June.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Kota Saito, 2010. "Preference for Randomization - Ambiguity Aversion and Inequality Aversion," Levine's Working Paper Archive 661465000000000094, David K. Levine.
- Atsushi Kajii & Takashi Ui, 2005.
"Incomplete Information Games With Multiple Priors,"
The Japanese Economic Review,
Japanese Economic Association, vol. 56(3), pages 332-351.
- Roman Kozhan, 2011. "Non-additive anonymous games," International Journal of Game Theory, Springer, vol. 40(2), pages 215-230, May.
- Kaito Sato, 2011. "Preference for Randomization and Ambiguity Aversion," Discussion Papers 1524, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maxine Collett).
If references are entirely missing, you can add them using this form.