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Pure self-confirming equilibrium

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  • Azrieli, Yaron

Abstract

In a Self-Confirming Equilibrium (Fudenberg and Levine, 1993A) every player obtains partial information about other players' strategies and plays a best response to some conjecture which is consistent with his information. Two kinds of information structures are considered: In the first each player observes his own payoff while in the second the information is the distribution of players among the various actions. For each of these information structures we prove that pure Self-Confirming Equilibrium exists in some classes of games. Pure Nash equilibrium may fail to exist in these classes.

Suggested Citation

  • Azrieli, Yaron, 2007. "Pure self-confirming equilibrium," MPRA Paper 3844, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:3844
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    References listed on IDEAS

    as
    1. Jehiel, Philippe, 2005. "Analogy-based expectation equilibrium," Journal of Economic Theory, Elsevier, vol. 123(2), pages 81-104, August.
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    More about this item

    Keywords

    Self-Confirming Equilibrium; Pure Equilibrium; Imperfect Monitoring;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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