Possibilistic beliefs in strategic games

Jaeok Park, Doo Hyung Yun

Research output: Contribution to journalArticlepeer-review

Abstract

We introduce possibilistic beliefs into strategic games, describing a player’s belief about his opponents’ strategies as the set of their strategies he regards as possible. We formulate possibilistic strategic games where each player has preferences over his own strategies conditional on his possibilistic belief about his opponents’ strategies. We define several solution concepts for possibilistic strategic games such as (strict) equilibria, rationalizable sets, iterated elimination of never-best responses, and iterated elimination of strictly dominated strategies, and we study their properties and relationships. We develop a class of possibilistic strategic games called possibilistic supermodular games to relate supermodular games to possibilistic strategic games. Lastly, we discuss a direction of extending our possibilistic framework to games with incomplete information.

Original languageEnglish
Pages (from-to)205-228
Number of pages24
JournalTheory and Decision
Volume95
Issue number2
DOIs
Publication statusPublished - 2023 Aug

Bibliographical note

Publisher Copyright:
© 2022, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.

All Science Journal Classification (ASJC) codes

  • General Decision Sciences
  • Developmental and Educational Psychology
  • Arts and Humanities (miscellaneous)
  • General Economics,Econometrics and Finance
  • Applied Psychology
  • Computer Science Applications
  • General Social Sciences

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