The E-mail Game Revisited - Modeling Rough Inductive Reasoning
Dulleck, Uwe (2007) The E-mail Game Revisited - Modeling Rough Inductive Reasoning. International Game Theory Review (IGTR), 9(2), pp. 323-339.
I study the robustness of Rubinstein's (1989) E-Mail Game results by varying the information that players can utilize. The article follows one of Morris' (2002) reactions to the E-Mail game "that one should try to come up with a model of boundedly rational behavior that delivers predictions that are insensitive to whether there is common knowledge or a large number of levels of knowledge". Players in my model are presumed to use 'rough inductive reasoning' because they cannot utilize exact information.
The information structure in the E-Mail game is generalized and the conditions are characterized under which Rubinstein's results hold. I find that rough inductive reasoning generates a payoff dominant equilibrium where the expected payoffs change continuously (instead of discretely) in the probability of "faulty" communication.
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|Item Type:||Journal Article|
|Keywords:||Inductive reasoning, JEL, Classification, C72|
|Subjects:||Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > Economic Theory (140100) > Mathematical Economics (140103)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > Economic Theory (140100) > Microeconomic Theory (140104)
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
|Copyright Owner:||Copyright 2007 World Scientific Publishing|
|Copyright Statement:||Electronic version of an article published as [International Game Theory Review (IGTR) 9(2):pp. 323-339.] [http://dx.doi.org/10.1142/S0219198907001424] © [copyright World Scientific Publishing Company]|
|Deposited On:||09 Oct 2008 00:00|
|Last Modified:||29 Feb 2012 13:34|
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