Stability in large Bayesian games with heterogeneous players

A-Tier
Journal: Journal of Economic Theory
Year: 2015
Volume: 157
Issue: C
Pages: 1041-1055

Authors (2)

Deb, Joyee (not in RePEc) Kalai, Ehud (Northwestern University)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

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

Abstract

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.

Technical Details

RePEc Handle
repec:eee:jetheo:v:157:y:2015:i:c:p:1041-1055
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25