Stability in large Bayesian games with heterogeneous players
| Autor: | Ehud Kalai, Joyee Deb |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Computer Science::Computer Science and Game Theory
Economics and Econometrics Class (set theory) Ex-post Nash equilibria Bayesian probability Stability (learning theory) Hindsight stability symbols.namesake Nash equilibrium Best response Bayesian Nash equilibria symbols Economics Large games Coordination game Robustness (economics) Mathematical economics Hindsight bias |
| Zdroj: | Journal of Economic Theory. 157:1041-1055 |
| ISSN: | 0022-0531 |
| DOI: | 10.1016/j.jet.2015.02.001 |
| Popis: | Bayesian Nash equilibria that fail to be hindsight-(or, alternatively, ex-post) stable do not provide reliable predictions of outcomes of games in many applications. We characterize a family of large Bayesian games (with many players) in which all equilibria are asymptotically hindsight-stable, and discuss the consequences of this robustness property. In contrast to earlier literature, we establish hindsight stability in a class of games in which players are not anonymous and type spaces and action spaces can be infinite. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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