Artikel
Bayesian games with a continuum of states
We show that every Bayesian game with purely atomic types has a measurable Bayesian equilibrium when the common knowledge relation is smooth. Conversely, for any common knowledge relation that is not smooth, there exists a type space that yields this common knowledge relation and payoffs such that the resulting Bayesian game does not have any Bayesian equilibrium. We show that our smoothness condition also rules out two paradoxes involving Bayesian games with a continuum of types: the impossibility of having a common prior on components when a common prior over the entire state space exists, and the possibility of interim betting/trade even when no such trade can be supported ex ante.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 12 ; Year: 2017 ; Issue: 3 ; Pages: 1089-1120 ; New Haven, CT: The Econometric Society
- Klassifikation
-
Wirtschaft
Noncooperative Games
- Thema
-
Bayesian games
Bayesian equilibrium
common priors
continuum of states
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hellman, Ziv
Levy, Yehuda John
- Ereignis
-
Veröffentlichung
- (wer)
-
The Econometric Society
- (wo)
-
New Haven, CT
- (wann)
-
2017
- DOI
-
doi:10.3982/TE1544
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Hellman, Ziv
- Levy, Yehuda John
- The Econometric Society
Entstanden
- 2017
Ähnliche Objekte (12)
Bayesian games with unawareness and unawareness perfection
Bayesian games with unawareness and unawareness perfection
Stochastic games with hidden states
Learning to Play Bayesian Games
Behavioral polymorphism in Bayesian games
Quantum advantage in Bayesian games
Bayesian Repeated Games and Reputations
Correlation of types in Bayesian games
A cooperative value for Bayesian games
On Repeated Games with Incomplete Information Played by Non-Bayesian Players
On Modeling Cheap Talk in Bayesian Games
Doping, the inspection game, and Bayesian monitoring
Bayesian games with unawareness and unawareness perfection
Bayesian games with unawareness and unawareness perfection
Stochastic games with hidden states
Learning to Play Bayesian Games
Behavioral polymorphism in Bayesian games
Quantum advantage in Bayesian games
Bayesian Repeated Games and Reputations
Correlation of types in Bayesian games
A cooperative value for Bayesian games
On Repeated Games with Incomplete Information Played by Non-Bayesian Players
On Modeling Cheap Talk in Bayesian Games
Doping, the inspection game, and Bayesian monitoring
Bayesian games with unawareness and unawareness perfection
Bayesian games with unawareness and unawareness perfection
Stochastic games with hidden states
Learning to Play Bayesian Games
Behavioral polymorphism in Bayesian games
Quantum advantage in Bayesian games
Bayesian Repeated Games and Reputations
Correlation of types in Bayesian games
A cooperative value for Bayesian games
On Repeated Games with Incomplete Information Played by Non-Bayesian Players
On Modeling Cheap Talk in Bayesian Games