Kuhn's Theorem for Extensive Form Ellsberg Games

Mouraviev I, Riedel F, Sass L (2014) Center for Mathematical Economics Working Papers; 510.
Bielefeld: Center for Mathematical Economics.

Diskussionspapier | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
The paper generalizes Kuhn's Theorem to extensive form games in which players condition their play on the realization of ambiguous randomization devices and use a maxmin decision rule to evaluate the consequences of their decisions. It proves that ambiguous behavioral and ambiguous mixed strate- gies are payoff-and outcome equivalent only if the latter strategies satisfy a rectangularity condition. The paper also discusses dynamic consistency. In particular, it shows that not only the profile of ambiguous strategies must be appropriately chosen but also the extensive form must satisfy further re- strictions beyond those implied by perfect recall in order to ensure that each player respects her ex ante contingent choice with the evolution of play.
Stichworte
Kuhn's Theorem; Strategic Ambiguity; Maxmin Utility; Ellsberg Games
Erscheinungsjahr
2014
Band
510
Seite(n)
33
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2901565

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Mouraviev I, Riedel F, Sass L. Kuhn's Theorem for Extensive Form Ellsberg Games. Center for Mathematical Economics Working Papers. Vol 510. Bielefeld: Center for Mathematical Economics; 2014.
Mouraviev, I., Riedel, F., & Sass, L. (2014). Kuhn's Theorem for Extensive Form Ellsberg Games (Center for Mathematical Economics Working Papers, 510). Bielefeld: Center for Mathematical Economics.
Mouraviev, I., Riedel, F., and Sass, L. (2014). Kuhn's Theorem for Extensive Form Ellsberg Games. Center for Mathematical Economics Working Papers, 510, Bielefeld: Center for Mathematical Economics.
Mouraviev, I., Riedel, F., & Sass, L., 2014. Kuhn's Theorem for Extensive Form Ellsberg Games, Center for Mathematical Economics Working Papers, no.510, Bielefeld: Center for Mathematical Economics.
I. Mouraviev, F. Riedel, and L. Sass, Kuhn's Theorem for Extensive Form Ellsberg Games, Center for Mathematical Economics Working Papers, vol. 510, Bielefeld: Center for Mathematical Economics, 2014.
Mouraviev, I., Riedel, F., Sass, L.: Kuhn's Theorem for Extensive Form Ellsberg Games. Center for Mathematical Economics Working Papers, 510. Center for Mathematical Economics, Bielefeld (2014).
Mouraviev, Igor, Riedel, Frank, and Sass, Linda. Kuhn's Theorem for Extensive Form Ellsberg Games. Bielefeld: Center for Mathematical Economics, 2014. Center for Mathematical Economics Working Papers. 510.
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