Context Dependent Games as Quantifiers and Selection Functions


Hedges, Jules ; Oliva, Paulo ; Winschel, Evguenia ; Winschel, Viktor ; Zahn, Philipp


[img]
Preview
PDF
Hedges,_Oliva,_Winschel,_Winschel,_Zahn_14-13.pdf - Published

Download (278kB)

URL: https://ub-madoc.bib.uni-mannheim.de/36178
URN: urn:nbn:de:bsz:180-madoc-361786
Document Type: Working paper
Year of publication: 2014
The title of a journal, publication series: Working Paper Series
Volume: 14-13
Place of publication: Mannheim
Publication language: English
Institution: School of Law and Economics > VWL, Internat. Wirtschaftsbeziehungen (Adam)
MADOC publication series: Department of Economics > Working Paper Series
Subject: 330 Economics
Classification: JEL: C0 , D01 , D03 , D63 , D64,
Keywords (English): context dependent refinement of Nash equilibrium , higher order functions , quantifiers , selection functions , beauty contest , minority game , endogenous economist
Abstract: We use quantifiers and selection functions to represent simultaneous move games. Quantifiers and selection functions are examples of higher-order functions. A higher order function is a function whose domain is itself a set of functions. Thus, quantifiers and selection func- tions allow players to form goals not only about outcomes but about the whole (or parts) of the game play. They encompass standard pref- erences and utility functions as special cases, but also extend to non-maximizing behavior and context-dependent motives. We adapt the Nash equilibrium concept to our new representation and also introduce a refinement to capture the essential features of context-dependent motives. As an example, we discuss fixpoint operations as context dependent goals of coordination and differentiation in simultaneous game variants of Keyne's beauty contest and the minority game.

Dieser Eintrag ist Teil der Universitätsbibliographie.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




+ Citation Example and Export

Hedges, Jules ; Oliva, Paulo ; Winschel, Evguenia ; Winschel, Viktor ; Zahn, Philipp (2014) Context Dependent Games as Quantifiers and Selection Functions. Open Access Working Paper Series Mannheim 14-13 [Working paper]
[img]
Preview


+ Search Authors in

+ Download Statistics

Downloads per month over past year

View more statistics



You have found an error? Please let us know about your desired correction here: E-Mail


Actions (login required)

Show item Show item