6 papers · 1 filter
Reasoning about Bounded Reasoning
Shuige Liu, Gabriel Ziegler
In experimental applications of bounded-reasoning models, behavior is often summarized by distributions of "levels". We argue that such summaries conflate two conceptually distinct…
Level- Reasoning, Cognitive Hierarchy, and Rationalizability
Shuige Liu
We employ a unified framework to provide an epistemic-theoretical foundation for Camerer, Ho, and Chong's (2003) cognitive hierarchy (CH) solution and its dynamic extension, using…
Quantal Response Equilibrium and Rationalizability: Inside the Black Box
Shuige Liu, Fabio Maccheroni
This paper aims to connect epistemic and behavioral game theory by examining the epistemic foundations of quantal response equilibrium (QRE) in static games. We focus on how much i…
Compactification of Extensive Game Structures and Backward Dominance Procedure
Shuige Liu
We study the relationship between invariant transformations on extensive game structures and backward dominance procedure (BD), a generalization of the classical backward induction…
Characterizing Permissibility, Proper Rationalizability, and Iterated Admissibility by Incomplete Information
Shuige Liu
We characterize three interrelated concepts in epistemic game theory: permissibility, proper rationalizability, and iterated admissibility. We define the lexicographic epistemic mo…
Measuring Information Burden: From Coalition-Based Reasoning to the Price System
Shuige Liu
The price system is often said to economize on information. This paper asks how much information it saves. I develop a formal framework for measuring the informational burden that…