Iterative conjectures and determination of equilibrium
by
Jimmy Teng
Language: English
Release Date: October 1, 2013
A Bayesian Theory of Games introduces a new game theoretic equilibrium concept: Bayesian equilibrium by iterative conjectures (BEIC). The new equilibrium concept achieves consistencies in results among different types of games that current games theory at times fails to. BEIC requires players to make...