Analysis of Information Feedback and Selfconfirming Equilibrium
Our recent research emphasizes the importance of information feedback in situations of recurrent decisions and strategic interaction, showing how it affects the uncertainty that underlies selfconfi?rming equilibrium. Here we discuss in detail the properties of such a key feature of recurrent interaction. This allows us to elucidate our notion of Maxmin selfconfi?rming equilibrium and compare it with an equilibrium concept due to Lehrer. Keywords: Selfconfi?rming equilibrium, conjectural equilibrium, information feed- back, partially speci?ed probabilities. JEL classification: C72, D80.
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- Yaron Azrieli, 2009. "On pure conjectural equilibrium with non-manipulable information," International Journal of Game Theory, Springer, vol. 38(2), pages 209-219, June.
- Ehud Lehrer, 2012. "Partially Specified Probabilities: Decisions and Games," American Economic Journal: Microeconomics, American Economic Association, vol. 4(1), pages 70-100, February.
- P Battigalli & S Cerreia-Vioglio & F Maccheroni & M Marinacci, 2012.
"Selfconfirming Equilibrium and Model Uncertainty,"
Levine's Working Paper Archive
786969000000000376, David K. Levine.
- Lehrer, Ehud & Teper, Roee, 2011. "Justifiable preferences," Journal of Economic Theory, Elsevier, vol. 146(2), pages 762-774, March.
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