• 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