Characterizing the Strategic Impact of Misspecified Beliefs
Characterizing the Strategic Impact of Misspecified Beliefs
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描述错误信念的战略影响
DOI:
10.1093/restud/rdw061
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发表时间:
2016
期刊:
影响因子:
--
通讯作者:
Siyang Xiong
中科院分区:
文献类型:
--
作者:
Yi;Alfredo Di Tillio;E. Faingold;Siyang Xiong
Previous research has established that the predictions of game theory are quite sensitive to the assumptions made about the players’ beliefs. We evaluate the severity of this robustness problem by characterizing conditions on the primitives of the model—the players’ beliefs and higher-order beliefs about the payoff-relevant parameters—for the behaviour of a given Harsanyi type to be approximated by the behaviour of (a sequence of) perturbed types. This amounts to providing belief-based characterizations of the strategic topologies of Dekel et al. (2006). We apply our characterizations to a variety of questions concerning robustness to perturbations of higher-order beliefs, including genericity of types that are consistent with a common prior, and we investigate the connections between our notions of robustness and the notion of common $p$-belief of Monderer and Samet (1989).