'Perfect bayesian equilibrium' presentation slideshows

Uncertainty and Information

Uncertainty and Information. Incomplete/Asymmetric Information. In games often some players may have an advantage of knowing with greater certainty what has happened or what will happen. (private information)

610 views • 45 slides

Bayesian Games

Bayesian Games. Bayesian Games. Definitions and Static Bayesian Games Example of solving a static Bayesian game Sender-Receiver Bayesian Games Equilibrium concepts An example of Bayesian games in Computer Science: Ad Hoc Networks: Modelling cooperation. What is a Bayesian game?.

843 views • 40 slides

Prediction Markets

452 views • 31 slides

Bayesian Games Matthew H. Henry November 10, 2004

437 views • 24 slides

Section 8: Redux

Section 8: Redux. Outline. Overview of equilibrium concepts so far Example of perfect Bayesian equilibrium Example of monetary policy (see handout from last section) Theories of delegation Time-consistency. Overview. Nash Equilibrium Mixed-strategy Nash Equilibrium

252 views • 12 slides

Harsanyi transformation

Harsanyi transformation. Players have private information Each possibility is called a type . Nature chooses a type for each player. Probability distribution common knowledge. A strategy for each player prescribes a strategy for each possible type. Bayesian Nash Equilibrium (BNE).

1k views • 3 slides