Event type Hybrid Event
Location
Room BZ E3.22 | Universitätsplatz 1 - piazza Università , 1
Bozen
Location Information
Departments ECO Faculty
Contact
Katarina Nemeckova
Katarina.Nemeckova@unibz.it
Bounded reasoning and high-order uncertainty
This research seminar by Prof. Willemien Kets explores how boundedly rational agents reason about others’ beliefs and when recursive models of beliefs can fully capture strategic reasoning.
Event type Hybrid Event
Location
Room BZ E3.22 | Universitätsplatz 1 - piazza Università , 1
Bozen
Location Information
Departments ECO Faculty
Contact
Katarina Nemeckova
Katarina.Nemeckova@unibz.it
In many settings, the outcome an agent obtains depends on the decision taken by other agents. When analyzing such settings, we are often led to consider hierarchies of beliefs which specify what an agent thinks, what he thinks that others think, what he thinks that others think he things, and so on. Because such hierarchies can be difficult to work with, it is common to use a recursive description due to Harsanyi (1967-68). However, in the important case where agents are boundedly rational, it is unclear whether this recursive description is sufficiently expressive. I provide sufficient under which the recursive description does not impose any restrictions on the types of reasoning that can be modeled.
For online participation, please register at the link below