Strategies as states

成果类型:
Article
署名作者:
Mandler, Michael
署名单位:
University of London; Royal Holloway University London
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1016/j.jet.2005.10.007
发表日期:
2007
页码:
105-130
关键词:
Bayesian decision theory interactive epistemology Newcomb's paradox causal decision theory
摘要:
We define rationality and equilibrium when states specify agents' actions and agents have arbitrary partitions over these states. Although some suggest that this natural modeling step leads to paradox, we show that Bayesian equilibrium is well defined and puzzles can be circumvented. The main problem arises when player j's partition informs j of i's move and i knows j's strategy. Then i's inference about j's move will vary with i's own move, and i may consequently play a dominated action. Plausible conditions on partitions rule out these scenarios. Equilibria exist under the same conditions, and more generally epsilon equilibria usually exist. (c) 2006 Published by Elsevier Inc.