Title of article
The absent-minded centipede
Author/Authors
Uwe Dulleck، نويسنده , , J?rg Oechssler، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1997
Pages
7
From page
309
To page
315
Abstract
In this note we apply the notion of absent-mindedness (see Piccione and Rubinstein, 1994), which is a form of imperfect recall, to the Rosenthal (1981) centipede game. We show that for standard versions of the centipede game a subgame perfect equilibrium exists in which play is continued almost to the end if one player is known to be absent-minded. In fact, it is sufficient that one player is known to be absent-minded with sufficiently high probability.
Keywords
Absent-mindedness , Centipede game , Imperfect recall , Bounded rationality
Journal title
Economics Letters
Serial Year
1997
Journal title
Economics Letters
Record number
434337
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