A framework for robustness to ambiguity of higher-order beliefs
Standard type spaces induce belief structures defined by precise beliefs. This paper proposes and analyzes simple procedures for constructing perturbations of such belief structures in which beliefs have a degree of ambiguity. Specifically, we construct ambiguous type spaces whose induced (ambiguous) belief hierarchies approximate the standard, precise, belief hierarchies corresponding to the initial type space. Based on a metric that captures the resulting approximation, two alternative...[Show more]
|Collections||ANU Research Publications|
|Source:||International Journal of Game Theory|
|01_Stauber_A_framework_for_robustness_to_2014.pdf||295.21 kB||Adobe PDF||Request a copy|
|02_Stauber_A_framework_for_robustness_to_2014.pdf||10.71 kB||Adobe PDF||Request a copy|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.