Bayesian games with unawareness and unawareness perfection

B-Tier
Journal: Economic Theory
Year: 2014
Volume: 56
Issue: 2
Pages: 219-249

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

Applying unawareness belief structures introduced in Heifetz et al. (Games Econ Behav 77:100–121, 2013a ), we develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and restricted from higher to lower awareness levels. We apply Bayesian games with unawareness to investigate the robustness of equilibria to uncertainty about opponents’ awareness of actions. We show that a Nash equilibrium of a strategic game is robust to unawareness of actions if and only if it is not weakly dominated. Finally, we discuss the relationship between standard Bayesian games and Bayesian games with unawareness. Copyright Springer-Verlag Berlin Heidelberg 2014

Technical Details

RePEc Handle
repec:spr:joecth:v:56:y:2014:i:2:p:219-249
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29