Skip to main content

Epistemic Game Theory: Incomplete Information

  • Chapter
Game Theory

Part of the book series: The New Palgrave Economics Collection ((NPHE))

  • 681 Accesses

Abstract

A game of incomplete information is a game in which at least some of the players possess private information which may be relevant to the strategic interaction. The private information of a player may be about the payoff functions in the game, as well as about some exogenous, payoff-irrelevant events. The player may also form beliefs about other players’ beliefs about payoffs and exogenous events, about their beliefs about the beliefs of others, and so forth.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Bibliography

  • Aumann, R.J. and Heifetz, A. 2002. Incomplete information. In Handbook of Game Theory, vol. 3 ed. R.J. Aumann and S. Hart. Amsterdam: North-Holland.

    Google Scholar 

  • Battigalli, P. and Bonanno, G. 1999. Recent results on belief, knowledge and the epistemic foundations of game theory. Research in Economics 53, 149–225.

    Article  Google Scholar 

  • Battigalli, P. and Siniscalchi, M. 2003. Rationalization with incomplete information. Advances in Theoretical Economics 3(1), article 3. Online. Available at http://www.bepress.com/bejte/advances/vol3/issl/art3, accessed 25 April 2007.

  • Dekel, E., Fudenberg, D. and Morris, S. 2007. Interim correlated rationalizability. Theoretical Economics 2, 15–40.

    Google Scholar 

  • Dekel, E. and Gui, F. 1997. Rationality and knowledge in game theory. In Advances in Economics and Econometrics, ed. D. Kreps and K. Wallis. Cambridge, UK: Cambridge University Press.

    Google Scholar 

  • Dutta, P.K. 1999. Strategies and Games: Theory and Practice. Cambridge, MA: MIT Press.

    Google Scholar 

  • Gale, D. 1996. What have we learned from social learning. European Economic Review 40, 617–28.

    Article  Google Scholar 

  • Gibbons, R. 1992. Game Theory for Applied Economists. Princeton: Princeton University Press.

    Google Scholar 

  • Harsanyi, J.C. 1967–8. Games with incomplete information played by Bayesian players, parts I–III. Management Science 14, 159–82, 320–34, 486–502.

    Article  Google Scholar 

  • Myerson, R. 1991. Game Theory: Analysis of Conflict. Cambridge, MA: Harvard University Press.

    Google Scholar 

  • Myerson, R. and Satterthwaite, M. 1983. Efficient mechanisms for bilateral trading. Journal of Economic Theory 29, 265–81.

    Article  Google Scholar 

  • Osborne, M. 2003. Introduction to Game Theory. Oxford: Oxford University Press.

    Google Scholar 

  • Rasmusen, E. 1989. Games and Information: An Introduction to Game Theory. Oxford: Basil Blackwell.

    Google Scholar 

  • Watson, J. 2002. Strategy: An Introduction to Game Theory. New York: WW. Norton.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Copyright information

© 2010 Palgrave Macmillan, a division of Macmillan Publishers Limited

About this chapter

Cite this chapter

Durlauf, S.N., Blume, L.E. (2010). Epistemic Game Theory: Incomplete Information. In: Durlauf, S.N., Blume, L.E. (eds) Game Theory. The New Palgrave Economics Collection. Palgrave Macmillan, London. https://doi.org/10.1057/9780230280847_11

Download citation

Publish with us

Policies and ethics