Games of perfect information, predatory pricing and the chain-store paradox
@article{Rosenthal1981GamesOP,
title={Games of perfect information, predatory pricing and the chain-store paradox},
author={Robert W. Rosenthal},
journal={Journal of Economic Theory},
year={1981},
volume={25},
pages={92-100}
}
753 Citations
Rationality, Nash Equilibrium and Backwards Induction in Perfect-Information Games
- Economics
- 1997
We say that a player is certain of an event A if she assigns probability 1 to A. There is common certainty (CC) of A if the event A occurred, each player is certain of A, each player is certain that…
Common Rationality and the Choice Among Solutions : an experimental analysis of the Centipede Game
- Economics
In the two decades since its first appearance, Rosenthal's (1982) centipede game has become a touchstone of the theory of perfect information games. Game theorist Robert Aumann claims that almost…
Reputation by imitation: an evolutionary chain-store game with strategic matching
- Economics, Business
- 2003
This paper shows how strategic matching generates reputation-building behavior in an evolutionary chain-store game. Strategic matching means the possibility for an entrant to choose in a strategic…
Uncertainty aversion and equilibrium in extensive games
- Economics
- 2011
This paper formulates a rationality concept for extensive games in which deviations from rational play are interpreted as evidence of irrationality. Instead of confirming some prior belief about the…
The chain-store paradox revisited
- Economics
- 1986
The rationality of predatory practices has been extensively debated among economists and lawyers. Selten (1978) considered a fictitious chain-store confronted with potential entrances of local…
Rationality on Final Decisions Leads to Sequential Equilibrium
- Economics
- 2002
The purpose of this article is to investigate epistemic conditions for a sequential equilibrium in an extensive form game with imperfect information: If players mutually know that all players…
Common Assumption of Rationality in Games
- Economics
- 2004
A fundamental question in decision theory asks: What is rational behavior? There is a natural corresponding question in interactive decision theory: What behavior is consistent with rationality and…
Modelling Equilibrium Play as Governed By Analogy and Limited Foresight
- EconomicsGames Econ. Behav.
- 2010
This paper proposes a bounded rationality approach to model equilibrium play in games. It is based on the observation that decision makers often do not seem to fully distinguish between different but…
19 EXPECTED UTILITY AS A TOOL IN NON-COOPERATIVE GAME THEORY
- Economics
- 2004
This sequel to previous chapters on objective and subjective expected utility reviews conditions for players in a non-cooperative game to be Bayesian rational — i.e., to choose a strategy maximizing…
7 References
The chain store paradox
- Economics
- 1978
The chain store game is a simple game in extensive form which produces an inconsistency between game theoretical reasoning and plausible human behavior. Well-informed players must be expected to…
Refinements of the Nash Equilibrium Concept
- Economics
- 1983
1. General Introduction.- 1.1. Informal description of games and game theory.- 1.2. Dynamic programming.- 1.3. Subgame perfect equilibria.- 1.4. Sequential equilibria and perfect equilibria.- 1.5.…
Contributions to the theory of games
- Economics
- 1950
The description for this book, Contributions to the Theory of Games (AM-40), Volume IV, will be forthcoming.
RAIFFA, “Games and Decisions,
- 1957