Arbeitspapier

Dynamic consistency in incomplete information games with multiple priors

This paper generalizes the concept of Sequential Equilibrium to allow for ambiguous incomplete information about types or states. We characterize conditions that ensure existence of Sequential Equilibria under ambiguous incomplete information. Under these conditions players form subjective prior belief sets that satisfy a rectangularity condition which leads to dynamically consistent behavior. Furthermore, we give an example which shows that ambiguity can introduce new Sequential Equilibria.

Sprache
Englisch

Erschienen in
Series: Center for Mathematical Economics Working Papers ; No. 599

Klassifikation
Wirtschaft
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Criteria for Decision-Making under Risk and Uncertainty
Thema
sequential equilibrium
ambiguity
dynamic consistency
multiple priors
imprecise information

Ereignis
Geistige Schöpfung
(wer)
Pahlke, Marieke
Ereignis
Veröffentlichung
(wer)
Bielefeld University, Center for Mathematical Economics (IMW)
(wo)
Bielefeld
(wann)
2018

Handle
URN
urn:nbn:de:0070-pub-29304923
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Pahlke, Marieke
  • Bielefeld University, Center for Mathematical Economics (IMW)

Entstanden

  • 2018

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