Rational expectations in games

被引:56
作者
Aumann, Robert J. [1 ]
Dreze, Jacques H. [2 ]
机构
[1] Hebrew Univ Jerusalem, Ctr Rational & Interact Decis Theory, IL-91904 Jerusalem, Israel
[2] Univ Catholique Louvain, Ctr Operat Res & Econometr, B-1348 Louvain, Belgium
关键词
D O I
10.1257/aer.98.1.72
中图分类号
F [经济];
学科分类号
02 ;
摘要
A player i's actions in a game are determined by her belie about other players; these depend on the game's real-life context, not only its formal description. Define a game situation as a game together with such beliefs; call the beliefs-and i's resulting expectation-rational if there is common knowledge of rationality and a common prior. In two-person zero-sum games, i's only rational expectation is the game's value. In an arbitrary game G, we characterize i's rational expectations in terms of the correlated equilibria of the doubled game 2G in which each of i's strategies in G appears twice.
引用
收藏
页码:72 / 86
页数:15
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