EconPapers    
Economics at your fingertips  
 

Interactive Epistemology and Solution Concepts for Games with Asymmetric Information

Pierpaolo Battigalli (), Alfredo Di Tillio (), Edoardo Grillo and Antonio Penta ()

The B.E. Journal of Theoretical Economics, 2011, vol. 11, issue 1, 1-40

Abstract: We use an interactive epistemology framework to provide a systematic analysis of some solution concepts for games with asymmetric information. We characterize solution concepts using expressible epistemic assumptions, represented as events in the canonical space generated by primitive uncertainty about the payoff relevant state, payoff irrelevant information, and actions. In most of the paper, we adopt an interim perspective, which is appropriate to analyze genuine incomplete information. We relate Delta-rationalizability (Battigalli and Siniscalchi, Advances in Theoretical Economics 3, 2003) to interim correlated rationalizability (Dekel, Fudenberg and Morris, Theoretical Economics 2, 2007) and to rationalizability in the interim strategic form. We also consider the ex ante perspective, which is appropriate to analyze asymmetric information about an initial chance move. We prove the equivalence between interim correlated rationalizability and an ex ante notion of correlated rationalizability.

Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.2202/1935-1704.1637 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
Working Paper: Interactive Epistemology and Solution Concepts for Games with Asymmetric Information (2008) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:bejtec:v:11:y:2011:i:1:n:6

Ordering information: This journal article can be ordered from
https://www.degruyter.com/view/j/bejte

DOI: 10.2202/1935-1704.1637

Access Statistics for this article

The B.E. Journal of Theoretical Economics is currently edited by Burkhard C. Schipper

More articles in The B.E. Journal of Theoretical Economics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

 
Page updated 2022-07-30
Handle: RePEc:bpj:bejtec:v:11:y:2011:i:1:n:6