epistemic game theory: complete information

Adam Brandenburger
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

The epistemic programme can be viewed as a methodical construction of game theory from its most basic elements – rationality and irrationality, belief and knowledge about such matters, beliefs about beliefs, knowledge about knowledge, and so on. To date, the epistemic field has been mainly focused on game matrices and trees – that is, on the non-cooperative branch of game theory. It has been used to provide foundations for existing non-cooperative solution concepts, and also to uncover new solution concepts. The broader goal of the programme is to provide a method of analysing different sets of assumptions about games in a precise and uniform manner.
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This survey is based on Brandenburger (2007). I am grateful to Springer for permission to use this material. I owe a great deal to joint work and many conversations with Robert Aumann, Eddie Dekel, Amanda Friedenberg, Jerry Keisler and Harborne Stuart. My thanks to Konrad Grabiszewski for important input, John Nachbar for very important editorial advice, and Michael James for valuable assistance. The Stern School of Business provided financial support.
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How to cite this article

Brandenburger, Adam. "epistemic game theory: complete information." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 09 February 2010 <http://www.dictionaryofeconomics.com/article?id=pde2008_E000258> doi:10.1057/9780230226203.0491

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Table of Contents

  • Abstract
  • Keywords
  • Article
    • 1 Epistemic analysis
    • 2 Early results
    • 2 Next steps: the tree
    • 4 Conditions for backward induction
    • 5 Next steps: weak dominance
    • 6 Conditions for iterated admissibility
    • 7 Strategic versus extensive analysis
  • See Also
  • Bibliography
  • How to cite this article
 
 

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