Towards a Characterization of Rational Expectations
R. J. Aumann and J. H. Drèze (2008) define a rational expectation of a player i in a game G as the expected payo of some type of i in some belief system for G in which common knowledge of rationality and common priors obtain. Our goal is to characterize the set of rational expectations in terms of the game's payoff matrix. We provide such a characterization for a specific class of strategic games, called semi-elementary, which includes Myerson's "elementary" games.
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- Aumann, Robert J., 1974.
"Subjectivity and correlation in randomized strategies,"
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- R. Aumann, 2010. "Subjectivity and Correlation in Randomized Strategies," Levine's Working Paper Archive 389, David K. Levine.
- AUMANN, Robert J., . "Subjectivity and correlation in randomized strategies," CORE Discussion Papers RP 167, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- AUMANN, Robert J. & DREZE, Jacques H., .
"Rational expectations in games,"
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2011, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Myerson, Roger B., 1997.
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