Autori:
Siniscalchi, Marciano ,
Battigalli, Pietropaolo Titolo:
Interactive beliefs and forward inductionPeriodico:
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papersAnno:
1999 - Fascicolo:
15 - Pagina iniziale:
1 - Pagina finale:
56We provide an epistemic analysis of forward induction in games with complete and incomplete information. We suggest that forward induction may be usefully interpreted as a set of assumptions governing thè players' belief revision processes, and define a notion of strong belief to formalize these assumptions. Building on thè notion of strong belief, we provide an epistemic characterization of extensive-form rationalizability and thè intuitive criterion, as well as sufficient epistemic conditions for thè backward induction outcome. We also investigate thè robustness of rationalizability to slight payoff uncertainity
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http://www.iue.it/ECO/WP-Texts/ECO99-15.pdfEsportazione dati in Refworks (solo per utenti abilitati)
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