IDEAS home Printed from https://ideas.repec.org/a/aea/aejmic/v11y2019i3p285-318.html
   My bibliography  Save this article

Multidimensional Reasoning in Games: Framework, Equilibrium, and Applications

Author

Listed:
  • Ayala Arad
  • Ariel Rubinstein

Abstract

We develop a framework for analyzing multidimensional reasoning in strategic interactions, which is motivated by two experimental findings: (i) in games with a large and complex strategy space, players tend to think in terms of strategy characteristics rather than the strategies themselves; (ii) in their strategic deliberation, players consider one characteristic at a time. A multidimensional equilibrium is a vector of characteristics representing a stable mode of behavior: a player does not wish to modify any one characteristic. The concept is applied to several economic interactions, where a vector of characteristics, rather than a distribution of strategies, is identified as stable.

Suggested Citation

  • Ayala Arad & Ariel Rubinstein, 2019. "Multidimensional Reasoning in Games: Framework, Equilibrium, and Applications," American Economic Journal: Microeconomics, American Economic Association, vol. 11(3), pages 285-318, August.
    • Handle: RePEc:aea:aejmic:v:11:y:2019:i:3:p:285-318
    Note: DOI: 10.1257/mic.20170322
    as

    Download full text from publisher

    File URL: https://www.aeaweb.org/doi/10.1257/mic.20170322
    Download Restriction: no
    File URL: https://www.aeaweb.org/doi/10.1257/mic.20170322.ds
    Download Restriction: Access to full text is restricted to AEA members and institutional subscribers.
    ---><---

    Citations

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


    Cited by:

    1. Daskalova, Vessela & Vriend, Nicolaas J., 2021. "Learning frames," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 78-96.
    2. Srinivas Arigapudi & Omer Edhan & Yuval Heller & Ziv Hellman, 2022. "Mentors and Recombinators: Multi-Dimensional Social Learning," Papers 2205.00278, arXiv.org, revised Nov 2023.
    3. Brian Roberson & Oz Shy, 2021. "Costly force relocation in the Colonel Blotto game," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(1), pages 39-52, April.
    4. Evan Friedman & Duarte Gonc{c}alves, 2023. "Quantal Response Equilibrium with a Continuum of Types: Characterization and Nonparametric Identification," Papers 2307.08011, arXiv.org, revised Mar 2024.
    5. Philippe Jehiel & Erik Mohlin, 2023. "Categorization in Games: A Bias-Variance Perspective," Working Papers halshs-04154272, HAL.
    6. Philippe Jehiel, 2022. "Analogy-Based Expectation Equilibrium and Related Concepts:Theory, Applications, and Beyond," Working Papers halshs-03735680, HAL.

    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

    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:aea:aejmic:v:11:y:2019:i:3:p:285-318. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.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.