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Dynamic unawareness and rationalizable behavior

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  • Heifetz, Aviad
  • Meier, Martin
  • Schipper, Burkhard C.

Abstract

We define generalized extensive-form games which allow for asymmetric awareness of actions. We extend Pearceʼs (1984) notion of extensive-form (correlated) rationalizability to this setting, explore its properties, and prove existence.

Suggested Citation

  • Heifetz, Aviad & Meier, Martin & Schipper, Burkhard C., 2013. "Dynamic unawareness and rationalizable behavior," Games and Economic Behavior, Elsevier, vol. 81(C), pages 50-68.
  • Handle: RePEc:eee:gamebe:v:81:y:2013:i:c:p:50-68
    DOI: 10.1016/j.geb.2013.04.003
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    More about this item

    Keywords

    Unawareness; Extensive-form games; Extensive-form rationalizability;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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