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Keyword: incomplete information;
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Jean-Paul Decamps, Thomas Mariotti and Stephane Villeneuve
We study the decision of when to invest in an indivisible project whose value is perfectly observable but driven by a parameter that is unknown to the decision maker ex ante. This problem is equivalent to an optimal stop...Read more...
We show that, in games of complete information, the Aumann-Brandenburger (1995) sufficient conditions for Nash equilibrium in beliefs also imply common knowledge of rationality. We then consider beliefs held in games of ...Read more...