Arbeitspapier

Kuhn's theorem for extensive form Ellsberg games

Riedel and Sass (2013) propose a framework for normal form games where players can use imprecise probabilistic devices. We extend this strategic use of objective ambiguity to extensive form games. We show that with rectangularity of Ellsberg strategies we have dynamic consistency in the sense of Kuhn (1953): rectangular Ellsberg strategies are equivalent to Ellsberg behavior strategies. We provide an example for our result and define Ellsberg equilibrium in such extensive form Ellsberg games.

Language
Englisch

Bibliographic citation
Series: Working Papers ; No. 478

Classification
Wirtschaft
Noncooperative Games
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Criteria for Decision-Making under Risk and Uncertainty
Subject
knightian uncertainty in games
objective ambiguity
strategic ambiguity
extensive form Ellsberg games
Kuhn's theorem
rectangularity

Event
Geistige Schöpfung
(who)
Sass, Linda
Event
Veröffentlichung
(who)
Bielefeld University, Institute of Mathematical Economics (IMW)
(where)
Bielefeld
(when)
2013

Handle
URN
urn:nbn:de:0070-pub-26740884
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Sass, Linda
  • Bielefeld University, Institute of Mathematical Economics (IMW)

Time of origin

  • 2013

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