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Research Details
Stability in large Bayesian games with heterogeneous players, Jorunal of Economic Theory
Abstract
Bayesian Nash equilibria that fail to be hindsight-(or, alternatively, ex-post) stable do not provide reliable predictions of outcomes of games in many applications. We characterize a family of large Bayesian games (with many players) in which all equilibria are asymptotically hindsight-stable, and discuss the con-sequences of this robustness property. In contrast to earlier literature, we establish hindsight stability in a class of games in which players are not anonymous and type spaces and action spaces can be infinite.
Type
Article
Author(s)
Ehud Kalai, J. Deb
Date Published
2015
Citations
Kalai, Ehud, and J. Deb. 2015. Stability in large Bayesian games with heterogeneous players. Jorunal of Economic Theory.: 1041-1055.