Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/80112 
Erscheinungsjahr: 
2001
Schriftenreihe/Nr.: 
Working Paper No. 2001-27
Verlag: 
Brown University, Department of Economics, Providence, RI
Zusammenfassung: 
In a game with rational expectations, individuals simultaneously refine their information with the information revealed by the strategies of other individuals. At a Nash equilibrium of a game with rational expectations, the information of individuals is essentially symmetric: the same profile of strategies is also an equilibrium of a game with symmetric information; and strategies are common knowledge. If each player has a veto act, which yields a minimum payoff that no other profile of strategies attains, then the veto profile is the only Nash equilibrium, and it is an equilibrium with rational expectations and essentially symmetric information; which accounts for the impossibility of speculation.
Schlagwörter: 
Nash equilibrium
rational expectations
common knowledge
JEL: 
D82
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
237.94 kB





Publikationen in EconStor sind urheberrechtlich geschützt.