Optimism and Pessimism in Strategic Interactions under Ignorance

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Tác giả: Pierfrancesco Guarino, Gabriel Ziegler

Ngôn ngữ: eng

Ký hiệu phân loại: 149.6 Pessimism

Thông tin xuất bản: 2021

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 166526

 Comment: Previous titles: "Strategic Interactions under Ignorance: A Theory of Tropical Players" & "Tropical Attitudes in Strategic Interactions under Ignorance"We study players interacting under the veil of ignorance, who have -- coarse -- beliefs represented as subsets of opponents' actions. We analyze when these players follow $\max \min$ or $\max\max$ decision criteria, which we identify with pessimistic or optimistic attitudes, respectively. Explicitly formalizing these attitudes and how players reason interactively under ignorance, we characterize the behavioral implications related to common belief in these events: while optimism is related to Point Rationalizability, a new algorithm -- Wald Rationalizability -- captures pessimism. Our characterizations allow us to uncover novel results: ($i$) regarding optimism, we relate it to wishful thinking \'a la Yildiz (2007) and we prove that dropping the (implicit) "belief-implies-truth" assumption reverses an existence failure described therein
  ($ii$) we shed light on the notion of rationality in ordinal games
  ($iii$) we clarify the conceptual underpinnings behind a discontinuity in Rationalizability hinted in the analysis of Weinstein (2016).
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