Perfect Bayesian equilibrium. Part II: epistemic foundations
In a companion paper we introduced a general notion of perfect Bayesian equilibrium which can be applied to arbitrary extensive-form games. The essential ingredient of the proposed definition is the qualitative notion of AGM-consistency. In this paper we provide an epistemic foundation for AGM-consistency based on the AGM theory of belief revision.
|Date of creation:||19 Jan 2011|
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- Pierpaolo Battigalli & Alfredo Di Tillio & Dov Samet, 2011. "Strategies and interactive beliefs in dynamic games," Working Papers 375, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
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- Giacomo Bonanno, 2010. "AGM-consistency and perfect Bayesian equilibrium. Part I: definition and properties," Working Papers 1017, University of California, Davis, Department of Economics.
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