Invariance under type morphisms: the bayesian Nash equilibrium


Autoria(s): Pintér, Miklós
Data(s)

01/12/2011

Resumo

Ely and Peski (2006) and Friedenberg and Meier (2010) provide examples when changing the type space behind a game, taking a "bigger" type space, induces changes of Bayesian Nash Equilibria, in other words, the Bayesian Nash Equilibrium is not invariant under type morphisms. In this paper we introduce the notion of strong type morphism. Strong type morphisms are stronger than ordinary and conditional type morphisms (Ely and Peski, 2006), and we show that Bayesian Nash Equilibria are not invariant under strong type morphisms either. We present our results in a very simple, finite setting, and conclude that there is no chance to get reasonable assumptions for Bayesian Nash Equilibria to be invariant under any kind of reasonable type morphisms.

Formato

application/pdf

Identificador

http://unipub.lib.uni-corvinus.hu/619/1/InvBNE3.pdf

Pintér, Miklós (2011) Invariance under type morphisms: the bayesian Nash equilibrium. Working Paper. Corvinus University of Budapest, Budapest. (Unpublished)

Publicador

Corvinus University of Budapest

Relação

http://unipub.lib.uni-corvinus.hu/619/

Palavras-Chave #Mathematics, Econometrics
Tipo

Monograph

NonPeerReviewed

Idioma(s)

en

en