Battigalli abstract

EFR strategies may hence be distinct from backward-induction BI strategies. We provide a direct and transparent proof that, in perfect-information games with no relevant ties, the unique BI outcome is nevertheless identical to the unique EFR outcome, even when the EFR strategy profile and the BI strategy profile are distinct.

This is a preview of subscription content, log in to check access. Rent this article via DeepDyve. Like EFR, also explicable equilibrium is based on some kind of best-rationalization principle. However, the two concepts are different. Battigalli P Strategic rationality orderings and the best rationalization principle. Games Econ Behav — Battigalli P On rationalizability in extensive games. J Econ Theory — Battigalli P, Siniscalchi M Strong belief and forward induction reasoning.

Chen J, Micali S The order independence of iterated dominance in extensive games. Theor Econ — Trans Am Math Soc — Gretlein RJ Dominance elimination procedures on finite alternative games. Int J Game Theory — Econometrica — Marx L, Swinkels J Order independence for iterated weak dominance.

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Pearce D Rationalizable strategic behavior and the problem of perfection. Google Scholar.Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly.

DOI: Abstract In this paper, we analyze two nested iterative solution procedures for infinite, dynamic games of incomplete information. These procedures do not rely on the specification of a type space a la Harsanyi.

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Weak rationalizability is characterized by common certainty of rationality at the beginning of the game. Strong rationalizability also incorporates a notion of forward induction. The solutions may take as given some exogenous restrictions on players' conditional beliefs. View via Publisher. Save to Library. Create Alert. Launch Research Feed. Share This Paper. Zhang, L.

battigalli abstract

Hu, … K. Zhao J. Networks Friedenberg Logical Aspects of Computational Linguistics. William Babonnaud, Laura Kallmeyer, R. Osswald Lecture Notes in Computer Science Figures and Tables from this paper. Figures and Tables. Citation Type. Has PDF. Publication Type. More Filters. Research Feed.

Highly Influenced.We extend the epistemic analysis of dynamic games of Battigalli and Siniscalchi J Econ Theory —,J Econ Theory —,Res Econ —, from finite dynamic games to all simple games, that is, finite and infinite-horizon multistage games with finite action sets at nonterminal stages and compact action sets at terminal stages.

With this, we can provide a short proof of the following result: in every simple dynamic game, strong rationalizability characterizes the behavioral implications of rationality and common strong belief in rationality.

This is a preview of subscription content, log in to check access. Rent this article via DeepDyve. For more on rationalizability in dynamic games, see the references therein.

Of course, the general epistemic framework of BS allows for the analysis of different epistemic assumptions not involving forward-induction reasoning, as illustrated in Battigalli and Siniscalchi Actually, the extension result of Lubin follows from Lemma 2. See Battigalliand Battigalli and Siniscalchi Information types may be different from types in the sense of Harsanyi —that implicitly determine hierarchies of exogenous initial beliefs, and from the epistemic types introduced later, that represent hierarchies of conditional probability systems.

Battigalli and Prestipino allow for imperfect monitoring, a dimension of common uncertainty, and chance moves, but they maintain that the game structure is finite. We keep this step because it adds conceptual clarity at little cost.

Furthermore, Battigalli and Siniscalchi prove that the canonical type structure is also universal, i. On such belief-preserving morphisms, see Heifetz and Samet and Friedenberg and Meier See Battigalli and Friedenbergand Battigalli and Prestipino Battigalli and Friedenberg analyze forward-induction reasoning when contextual assumptions rule out completeness.

Catonini band Harrington See Sect. Mueller applies strong rationalizability to dynamic mechanisms. Battigalli and Siniscalchicorrectly rely on such simplified algorithm. See also Battigalli and Watsonwho consider a countable sequence a short-run players in the role of player 2.

For an epistemic analysis of finite, but otherwise general dynamic games of incomplete information, see Battigalli and Prestipino See the discussion in Battigalli and Friedenberg and Battigalli and Prestipino We thank Gabriele Beneduci for proving this generalization. Aliprantis, C. Springer, Berlin Google Scholar. Arieli, I. Artemov, G. Theory— Battigalli, P.

Game Theory Rev. J Theor. Theory 88— Econometrica 65— Ben Porath, E.The solution concept of iterated strict dominance for static games with complete information recursively deletes choices that are inferior. Here, we devise such an algorithm for the more general case of incomplete information. The ensuing solution concept of generalized iterated strict dominance is characterized in terms of common belief in rationality as well as in terms of best response sets.

Besides, we provide doxastic conditions that are necessary and sufficient for modelling complete information from a one-person perspective. Most users should sign in with their email address.

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Close mobile search navigation Article Navigation. E-mail: c. Oxford Academic. Google Scholar. Select Format Select format. Permissions Icon Permissions. Abstract The solution concept of iterated strict dominance for static games with complete information recursively deletes choices that are inferior.

Issue Section:. You do not currently have access to this article.This article unpacks the concept of cooperation in management. To stimulate future research, we illustrate the different conceptualizations of cooperation in strategic management, organization theory, and behavioral economics, and the unique insights that each discipline offers.

On the outcome equivalence of backward induction and extensive form rationalizability

Based on this account, we discuss overlaps and differences in how the concept has been used in these fields and across their different levels of theory and analysis. Borrowing from the different disciplines, we explicate the social mechanisms—and related research directions—determining cooperation and their outcomes across levels: from macro-to-micro e.

The emerging framework contributes to the understanding of the micro foundations of management phenomena by placing cooperative relationships between and among persons at center stage in explaining how organizational outcomes are generated. Learn About the New eReader. Downloaded times in the past 12 months. Published online 12 January Published in print 1 June We acknowledge the in-depth, constructive, and insightful comments from editors Sim Sitkin and Laurie Weingart, and from associate editor David De Cremer throughout several revisions of the proposal and of the full manuscript.

We also thank Chiara Aina for her thoughtful, informed, and invaluable research support. Jeffrey J. Pierpaolo Battigalli Bocconi University Search for more papers by this author. Download Citations Add to favorites Track Citations. View article. The intra-alliance division of value created through collaboration.

Strategic Management Journal32 : — Google Scholar Agarwal R. The role of incentives and communication in strategic alliances: An experimental investigation.

Strategic Management Journal31 : — Google Scholar Aguinis H. Walking new avenues in management research methods and theories: Bridging micro and macro domains. Journal of Management37 : —Both of these winning!!. Big problem that it is his true percent during the season. Hope he will getting better with free throws. RETWEET if you would like to begin the trial. More than 2 for this - nice bonus.

The event moves away from its established venue at Royal Johannesburg to Randpark this year. This will be the first time this course has staged a European tour event since the South African Open in 2000 won by Matthias Gronberg.

With a large field competing two courses, The Firethorn and The Bushwillow, will be used over the first two days before reverting to the Firethorn course over the weekend. The Firethorn course at 7,600 yards is almost 500 yards longer than Bushwillow so is likely to play a bit tougher. Local boy Porteous has good memories here having won an amateur event here by 14 strokes only a few years ago.

Rationalizability in infinite, dynamic games with incomplete information

Since then he has gone on to establish himself as a very promising tour player having won the 2016 staging of this event at Royal Johannesburg. His recent form has been dogged by inconsistency with too many rounds spoiled by the odd big number at one or two holes but he did show up well in the Nedbank and DP World event recently so we have some grounds for optimism this week back in familiar surroundings.

battigalli abstract

Another local boy Walters represents Johannesburg CC just down the road from Randpark so he knows these courses well. Recent form was poor until it picked up last week in Mauritius where he finished tied fourteenth despite a poor closing round. He is yet to record a win on tour but in such a weak field and in his own backyard if he is ever going to break through it might well be here.

Home PageBetting Tips Golf Betting Tips EUROPEAN TOUR: Joburg Open The event moves away from its established venue at Royal Johannesburg to Randpark this year.

OUTRIGHT: Hadyn Porteous, 0. OUTRIGHT: Justin Walters 0. Betting Tip Results Check how our tips have been performing below.

battigalli abstract

Bet on Southampton vs Arsenal with Bet365For more football betting tips click here. Arsenal were in midweek Europa League action and Arsene Wenger made 11 changes for the occasions.

Interactive epistemology in simple dynamic games with a continuum of strategies

The Gunners stormed to a 6-0 win over BATE Borisov in their final Europa League Group H match. Arsenal will find out their opponents for the next round of the competition on Monday. Last weekend Arsenal suffered a 3-1 defeat at home to Manchester United, despite controlling the match and playing some brilliant attacking football at times. United goalkeeper David de Gea made a record-equalling 14 saves in the match that saw Arsenal drop out of the top four. Charlie Austin continued his successful return from injury to equalise for the Saints.

Southampton will take confidence from the fact that Arsenal have the worst away record of all the teams currently in the top nine. Shkodran Mustafi has been ruled out for Sunday. He has a slight chance of returning for the West Ham match three days later.

Wenger played with a back four for this first time this season in midweek, but Per Mertesacker is expected to partner Nacho Monreal and Laurent Koscielny in a back three against the Saints.Please take a look at Statistics Digest and tell us what you think of the changes. Lorem ipsum dolor sit amet, consectetuer adipiscing elit.

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