DocumentCode
2316732
Title
Rational expectations in games
Author
Aumann, Robert J.
Author_Institution
The Hebrew University of Jerusalem, Israel
fYear
2009
fDate
13-15 May 2009
Abstract
A player i´s actions in a game are determined by her beliefs about other players; these depend on the game´s real-life context, not only its formal description. Define a game situation as a game together with such beliefs; call the beliefs—and i´s resulting expectation—rational if there is common knowledge of rationality and a common prior. In two-person zero-sum games, i´s only rational expectation is the game´s value. In an arbitrary game G, we characterize i´s rational expectations in terms of the correlated equilibria of the doubled game 2G in which each of i´s strategies in G appears twice.
fLanguage
English
Publisher
ieee
Conference_Titel
Game Theory for Networks, 2009. GameNets '09. International Conference on
Conference_Location
Istanbul
Print_ISBN
978-1-4244-4176-1
Type
conf
DOI
10.1109/GAMENETS.2009.5137372
Filename
5137372
Link To Document