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The Truth is in the Eye of the Beholder: or Equilibrium in Beliefs and Rational Learning in Games

Yaw Nyarko

Working Papers from C.V. Starr Center for Applied Economics, New York University

Abstract: Games with incomplete information or randomness in the moves of others typically have many decision-theoretically equivalent formulations of the type space. These different formulations correspond to different ways of encoding tha realizations of randomizations in the type of a player. Solution concepts, assumptions or paradoxes in games should be independent of the formulation of the game used. I refer to this axiom as TIGER, for "Type Independence among Games which are equivalently Re-formulated".

Keywords: GAMES; LEARNING (search for similar items in EconPapers)
JEL-codes: C70 C73 D81 D82 D83 D84 (search for similar items in EconPapers)
Pages: 36 pages
Date: 1998
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