WebAbstract. I define the largest consistent set, a solution concept which applies to situations in which coalitions freely form but cannot make binding contracts, act publicly, and are fully … WebSep 22, 2024 · The farsighted stable set is based on a notion of indirect dominance in which an outcome can be dominated by a chain of coalitional “moves” in which each ... concepts to simple games and to pillage games to illustrate the consequences of imposing rational expectations for farsighted stability. Citing Literature. Volume 12, Issue 3 ...
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WebSep 22, 2024 · In the study of farsighted coalitional behavior, a central role is played by the von Neumann–Morgenstern (1944) stable set and its modification that incorporates … Webwhich a farsighted stable set, or even a vNM stable set, is a REFS or a SREFS, in general imposing rational expectations can be consequential for farsighted stability. At some intuitive level, notions of farsightedness and maximality attempt to bring into coalitional games considerations that are similar to backward induction in nonco-operative ... pokemon black and white transparent
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WebAug 1, 1994 · I define the largest consistent set, a solution concept which applies to situations in which coalitions freely form but cannot make binding contracts, act publicly, … WebRational Expectations and Farsighted Stability Bhaskar Dutta University of Warwick and Ashoka University Rajiv Vohra Brown University July 2016 Abstract. In the study of farsighted coalitional behavior, a central role is played by the von Neumann-Morgenstern (1944) stable set and its modification that incorporates farsightedness. WebRational Expectations and Farsighted Stability Bhaskar Dutta University of Warwick and Ashoka University Rajiv Vohra Brown University February 2016 Abstract. In the study of … pokemon black and white watch