A note on Kuhn’s Theorem with ambiguity averse players

C-Tier
Journal: Economics Letters
Year: 2014
Volume: 125
Issue: 1
Pages: 110-114

Authors (2)

Aryal, Gaurab (Boston University) Stauber, Ronald (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

Kuhn’s Theorem shows that extensive games with perfect recall can equivalently be analyzed using mixed or behavioral strategies, as long as players are expected utility maximizers. This note constructs an example that illustrates the limits of Kuhn’s Theorem in an environment with ambiguity averse players who use a maxmin decision rule and full Bayesian updating.

Technical Details

RePEc Handle
repec:eee:ecolet:v:125:y:2014:i:1:p:110-114
Journal Field
General
Author Count
2
Added to Database
2026-01-24