• 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