Consistency of beliefs and epistemic conditions for Nash and correlated equilibria

B-Tier
Journal: Games and Economic Behavior
Year: 2009
Volume: 67
Issue: 2
Pages: 363-375

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A consistency condition (action-consistency) on the interim beliefs of players in a game is introduced. Action-consistency is weaker than common priors and, unlike common priors, is characterized by a "no-bets" condition on verifiable events. Using action-consistency, we provide epistemic conditions to Nash and correlated equilibria weakening the common knowledge restrictions in Aumann and Brandenburger [Aumann, R., Brandenburger, A., 1995. Epistemic conditions for Nash equilibrium. Econometrica 63, 1161-1180] and Aumann [Aumann, R., 1987. Correlated equilibrium as an expression of Bayesian rationality. Econometrica 55, 1-18].

Technical Details

RePEc Handle
repec:eee:gamebe:v:67:y:2009:i:2:p:363-375
Journal Field
Theory
Author Count
1
Added to Database
2026-01-24