A note on Kuhn's Theorem with ambiguity averse players
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Aryal, Gaurab; Stauber, Ronald
Description
Kuhn's Theorem shows that extensive games with perfect recall can equivalently be analyzed using mixed or behavioral strategies, as long as players are expected utility maximizers. This note constructs an example that illustrates the limits of Kuhn's Theorem in an environment with ambiguity averse players who use a maxmin decision rule and full Bayesian updating.
dc.contributor.author | Aryal, Gaurab | |
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dc.contributor.author | Stauber, Ronald | |
dc.date.accessioned | 2015-12-08T22:41:42Z | |
dc.identifier.issn | 0165-1765 | |
dc.identifier.uri | http://hdl.handle.net/1885/36760 | |
dc.description.abstract | Kuhn's Theorem shows that extensive games with perfect recall can equivalently be analyzed using mixed or behavioral strategies, as long as players are expected utility maximizers. This note constructs an example that illustrates the limits of Kuhn's Theorem in an environment with ambiguity averse players who use a maxmin decision rule and full Bayesian updating. | |
dc.publisher | Elsevier | |
dc.source | Economics Letters | |
dc.title | A note on Kuhn's Theorem with ambiguity averse players | |
dc.type | Journal article | |
local.description.notes | Imported from ARIES | |
local.identifier.citationvolume | 125 | |
dc.date.issued | 2014 | |
local.identifier.absfor | 140104 - Microeconomic Theory | |
local.identifier.ariespublication | u4628727xPUB140 | |
local.type.status | Published Version | |
local.contributor.affiliation | Aryal, Gaurab, The University of Chicago | |
local.contributor.affiliation | Stauber, Ronald, College of Business and Economics, ANU | |
local.description.embargo | 2037-12-31 | |
local.bibliographicCitation.issue | 1 | |
local.bibliographicCitation.startpage | 110 | |
local.bibliographicCitation.lastpage | 114 | |
local.identifier.doi | 10.1016/j.econlet.2014.08.018 | |
local.identifier.absseo | 970114 - Expanding Knowledge in Economics | |
dc.date.updated | 2015-12-08T10:29:55Z | |
local.identifier.scopusID | 2-s2.0-84907693771 | |
local.identifier.thomsonID | 000343955000027 | |
Collections | ANU Research Publications |
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