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Multiplayer belief revision

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Abstract

One main topic of the epistemic program of game theory deals with the value of information. To study this question in a broad context, one needs to adapt some of the tools used in multiplayer epistemic logic. A hierarchical belief structure is introduced both in a syntactical and semantical framework. In the same framework, a generalized notion of message is characterized by its content and its status. For a given message, a multiplayer belief revision rule that transforms any initial belief structure into a final belief one is designed. A representation theorem relates syntactical axioms to the belief revision rule

Suggested Citation

  • Antoine Billot & Jean-Christophe Vergnaud & Bernard Walliser, 2008. "Multiplayer belief revision," Documents de travail du Centre d'Economie de la Sorbonne v08067, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    • Handle: RePEc:mse:cesdoc:v08067
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    References listed on IDEAS

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    1. Giacomo Bonanno, 2004. "A simple modal logic for belief revision," Working Papers 164, University of California, Davis, Department of Economics.
    2. Board, Oliver, 2004. "Dynamic interactive epistemology," Games and Economic Behavior, Elsevier, vol. 49(1), pages 49-80, October.
    3. Robert J. Aumann, 1999. "Interactive epistemology II: Probability," International Journal of Game Theory, Springer;Game Theory Society, vol. 28(3), pages 301-314.
    4. Gossner, Olivier, 2000. "Comparison of Information Structures," Games and Economic Behavior, Elsevier, vol. 30(1), pages 44-63, January.
    5. Bruno Bassan & Olivier Gossner & Marco Scarsini & Shmuel Zamir, 2003. "Positive value of information in games," International Journal of Game Theory, Springer;Game Theory Society, vol. 32(1), pages 17-31, December.
    6. Neyman, Abraham, 1991. "The positive value of information," Games and Economic Behavior, Elsevier, vol. 3(3), pages 350-355, August.
    7. Giacomo Bonanno, 2004. "A simple modal logic for belief revision," Working Papers 45, University of California, Davis, Department of Economics.
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    More about this item

    Keywords

    Belief revision; message; epistemic logic;
    All these keywords.

    JEL classification:

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

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