Games with Procedurally Rational Players

Martin Osborne and Ariel Rubinstein ()

Working Papers from Tel Aviv

Abstract: We study equilibrium in games in which each player uses the procedure in which he associates a consequence with each of his actions and chooses the action that has the best consequence. The association may be stochastic but is not arbitrary : it reglects the other players' equilibrium behavior. We establish properties of an equilibrium and study some examples.

Keywords: GAMES; STATISTICS (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1997
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Citations: View citations in EconPapers (3)

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Journal Article: Games with Procedurally Rational Players (1998)
Working Paper: Games with Procedurally Rational Players (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:4-97

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