Epistemically robust strategy subsets (Q725063)
From MaRDI portal
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Epistemically robust strategy subsets |
scientific article |
Statements
Epistemically robust strategy subsets (English)
0 references
1 August 2018
0 references
Summary: We define a concept of `epistemic robustness' in the context of an epistemic model of a finite normal-form game where a player type corresponds to a belief over the profiles of opponent strategies and types. A Cartesian product \(X\) of pure-strategy subsets is epistemically robust if there is a Cartesian product \(Y\) of player type subsets with \(X\) as the associated set of best reply profiles such that the set \(Y_i\) contains all player types that believe with sufficient probability that the others are of types in \(Y_{-i}\) and play best replies. This robustness concept provides epistemic foundations for set-valued generalizations of strict Nash equilibrium, applicable also to games without strict Nash equilibria. We relate our concept to closedness under rational behavior and thus to strategic stability and to the best reply property and thus to rationalizability.
0 references
epistemic game theory
0 references
epistemic robustness
0 references
rationalizability
0 references
closedness under rational behavior
0 references
mutual \(p\)-belief
0 references