Pure self-confirming equilibrium
AbstractIn a Self-Confirming Equilibrium (Fudenberg and Levine, 1993A) every player obtains partial information about other players' strategies and plays a best response to some conjecture which is consistent with his information. Two kinds of information structures are considered: In the first each player observes his own payoff while in the second the information is the distribution of players among the various actions. For each of these information structures we prove that pure Self-Confirming Equilibrium exists in some classes of games. Pure Nash equilibrium may fail to exist in these classes.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 3844.
Date of creation: 04 Jul 2007
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Self-Confirming Equilibrium; Pure Equilibrium; Imperfect Monitoring;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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- Philippe Jehiel, 2005.
"Analogy-Based Expectation Equilibrium,"
784828000000000106, UCLA Department of Economics.
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