Azrieli, Yaron (2007): Pure self-confirming equilibrium.
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In a Self-Confirming Equilibrium (Fudenberg and Levine, 1993A) every player obtains partial information about other players' strategies and plays a best response to some conjecture which is consistent with his information. Two kinds of information structures are considered: In the first each player observes his own payoff while in the second the information is the distribution of players among the various actions. For each of these information structures we prove that pure Self-Confirming Equilibrium exists in some classes of games. Pure Nash equilibrium may fail to exist in these classes.
|Item Type:||MPRA Paper|
|Original Title:||Pure self-confirming equilibrium|
|Keywords:||Self-Confirming Equilibrium; Pure Equilibrium; Imperfect Monitoring|
|Subjects:||C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games|
|Depositing User:||Yaron Azrieli|
|Date Deposited:||05. Jul 2007|
|Last Modified:||18. Feb 2013 04:29|