Quotient spaces of boundedly rational types
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- dc.contributor.author Cianciaruso, Davideca
- dc.contributor.author Germano, Fabrizioca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T10:50:43Z
- dc.date.available 2017-07-26T10:50:43Z
- dc.date.issued 2011-09-01
- dc.date.modified 2017-07-23T02:14:02Z
- dc.description.abstract By identifying types whose low-order beliefs up to level li about the state of nature coincide, we obtain quotient type spaces that are typically smaller than the original ones, preserve basic topological properties, and allow standard equilibrium analysis even under bounded reasoning. Our Bayesian Nash (li; l-i)-equilibria capture players inability to distinguish types belonging to the same equivalence class. The case with uncertainty about the vector of levels (li; l-i) is also analyzed. Two examples illustrate the constructions.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1287
- dc.identifier.uri http://hdl.handle.net/10230/19912
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1287
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword incomplete-information games
- dc.subject.keyword high-order reasoning
- dc.subject.keyword type space
- dc.subject.keyword quotient space
- dc.subject.keyword hierarchies of beliefs
- dc.subject.keyword bounded rationality
- dc.subject.keyword Microeconomics
- dc.title Quotient spaces of boundedly rational typesca
- dc.type info:eu-repo/semantics/workingPaper