内生不确定性下的共同先验

Common priors under endogenous uncertainty

Journal of Economic Theory · 2021
被引 3
人大 AABS 4

中文导读

证明了一个猜想:在博弈中,共同先验满足行动独立性当且仅当玩家之间不存在策略不变的互惠赌局,这为行为刻画共同先验提供了新方法。

Abstract

For a fixed game and a type structure that admits a common prior, Action Independence states that the conditional beliefs induced by the common prior do not depend on the players' own strategies. It has been conjectured that Action Independence can be behaviorally characterized by means of a suitable no-betting condition (Dekel and Siniscalchi, 2015), but whether this is indeed the case remains an open problem. In this paper, we prove this conjecture true by focusing on strategy-invariant bets, which are bets that cannot be manipulated by the players. In particular, first, we show that at least one of the common priors satisfies Action Independence if and only if there exists no mutually acceptable strategy-invariant bet among the players. Second, we show that, all common priors satisfy Action Independence if and only if there exists no mutually acceptable strategy-invariant bet among the players and an outside observer. These results give us a deeper understanding of existing foundations of solution concepts using only epistemic conditions that are expressed in terms of type structures and are therefore elicitable.

共同先验内生不确定性行动独立性策略不变赌约