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- W2938165716 abstract "This paper studies the robustness of an equilibrium to incomplete information in binary‐action supermodular games. Using a generalized version of belief operator, we explore the restrictions that prior beliefs impose on higher order beliefs. In particular, we obtain a nontrivial lower bound on the probability of a common belief event, uniform over type spaces, when the underlying game has a monotone potential. Conversely, when the game has no monotone potential, we construct a type space with an arbitrarily high probability event in which players never have common belief about that event. As an implication of these results, we show for generic binary‐action supermodular games that an action profile is robust to incomplete information if and only if it is a monotone potential maximizer. Our study offers new methodology and insight to the analysis of global game equilibrium selection." @default.
- W2938165716 created "2019-04-25" @default.
- W2938165716 creator A5075162103 @default.
- W2938165716 creator A5077953163 @default.
- W2938165716 date "2020-01-01" @default.
- W2938165716 modified "2023-10-14" @default.
- W2938165716 title "Generalized Belief Operator and Robustness in Binary‐Action Supermodular Games" @default.
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- W2938165716 doi "https://doi.org/10.3982/ecta17237" @default.
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