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Hierarchies of Beliefs and Common Knowledge

- Adam Brandenburger, Eddie Dekel
- Mathematics
- 1 February 1993

Abstract Game-theoretic analysis often leads to consideration of an infinite hierarchy of beliefs for each player. Harsanyi suggested that such a hierarchy of beliefs could be summarized in a single… Expand

REPRESENTING PREFERENCES WITH A UNIQUE SUBJECTIVE STATE SPACE

- Eddie Dekel, Barton L. Lipman, A. Rustichini
- Mathematics
- 1 July 2001

Ž. We extend Kreps’ 1979 analysis of preference for flexibility, reinterpreted by Kreps Ž. 1992 as a model of unforeseen contingencies. We enrich the choice set, consequently obtaining uniqueness… Expand

Rationalizability and Correlated Equilibria

- Adam Brandenburger, Eddie Dekel
- Mathematics
- 1 November 1987

We discuss the unity between the two standard approaches to noncooperative solution concepts for games. The decision-theoretic approach starts from the assumption that the rationality of the players… Expand

Interim Correlated Rationalizability

- Eddie Dekel, D. Fudenberg, S. Morris
- Mathematics
- 1 March 2007

This paper proposes the solution concept of interim correlated rationalizability, and shows that all types that have the same hierarchies of beliefs have the same set of… Expand

Lexicographic Probabilities and Choice Under Uncertainty

- L. Blume, Adam Brandenburger, Eddie Dekel
- Mathematics
- 1991

Conventional Bayesian theory of choice under uncertainty, subjective expected utility theory, fails to satisfy the properties of admissibility and existence of well-defined conditional probabilities;… Expand

Standard state-space models preclude unawareness

- Eddie Dekel, Barton L. Lipman, A. Rustichini
- Mathematics
- 1998

We show that a very broad class of models, including possibility correspondences, necessarily fail to capture very simple and intuitive implications of unawareness. We explain why standard… Expand

Evolution of Preferences

- Eddie Dekel, J. Ely, Okan Yilankaya
- Economics
- 1 July 2007

We model, using evolutionary game theory, the implications of endogenous determination of preferences over the outcomes of any given two-player normal form game, G. We consider a large population… Expand

An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom

- Eddie Dekel
- Mathematics
- 1 December 1986

Abstract The independence axiom used to derive the expected utility representation of preferences over lotteries is replaced by requiring only convexity, in terms of probability mixtures, of… Expand

Rational Behavior with Payoff Uncertainty

- Eddie Dekel, D. Fudenberg
- Economics
- 1 December 1990

Abstract The iterated deletion of weakly dominated strategies has been advanced as a necessary requirement for “rational” play. However, this requirement relies on the assumption that the players… Expand

Temptation-Driven Preferences

- Eddie Dekel, Barton L. Lipman, A. Rustichini
- Economics
- 1 July 2009

“My own behavior baffles me. For I find myself not doing what I really want to do but doing what I really loathe.” Saint Paul What behavior can be explained using the hypothesis that the agent faces… Expand

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