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dc.contributor.authorCianciaruso, Davideen_US
dc.contributor.authorGermano, Fabrizioen_US
dc.description.abstractBy identifying types whose low-order beliefs - up to level li - about the state of nature coincide, we obtain quotient type spaces that are typically smaller than the original ones, preserve basic topological properties, and allow standard equilibrium analysis even under bounded reasoning. Our Bayesian Nash (li, l-i)-equilibria capture players' inability to distinguish types belonging to the same equivalence class. The case with uncertainty about the vector of levels (li, l-i) is also analyzed. Two examples illustrate the constructions.en_US
dc.publisherNorthwestern Univ., Kellogg Graduate School of Management, Center for Mathematical Studies in Economics and Management Science Evanstonen_US
dc.relation.ispartofseriesDiscussion Paper, Center for Mathematical Studies in Economics and Management Science 1539en_US
dc.subject.keywordincomplete-information gamesen_US
dc.subject.keywordhigh-order reasoningen_US
dc.subject.keywordtype spaceen_US
dc.subject.keywordquotient spaceen_US
dc.subject.keywordhierarchies of beliefsen_US
dc.subject.keywordbounded rationalityen_US
dc.titleQuotient spaces of boundedly rational typesen_US
dc.typeWorking Paperen_US
Appears in Collections:Discussion Papers, Kellogg School of Management, Northwestern University

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