TY - JOUR
T1 - Epistemic considerations of decision making in games
AU - Kaneko, Mamoru
PY - 1999/9
Y1 - 1999/9
N2 - From the Ex Ante point of view, an axiomatization of decision making in a game with pure strategies is given, while considering its epistemic aspects in propositional game (epistemic) logic. Our axiomatization consists of four base axioms for predicted final decisions. One of them is an epistemic requirement, which together with the others leads to an infinite regress of the knowledge of these axioms. The resulting outcome of this regress is expressed as the common knowledge of the base axioms. We give meta-theoretical evaluations of the derivation of this infinite regress, and consider its implications in solvable and unsolvable games. For a solvable game, it determines predicted decisions to be the common knowledge of a Nash equilibrium, and for an unsolvable game, it is the common knowledge of a subsolution in Nash's sense. The latter result needs the common knowledge of the additional information of which subsolution would be played. We give also meta-theoretical evaluations of these results.
AB - From the Ex Ante point of view, an axiomatization of decision making in a game with pure strategies is given, while considering its epistemic aspects in propositional game (epistemic) logic. Our axiomatization consists of four base axioms for predicted final decisions. One of them is an epistemic requirement, which together with the others leads to an infinite regress of the knowledge of these axioms. The resulting outcome of this regress is expressed as the common knowledge of the base axioms. We give meta-theoretical evaluations of the derivation of this infinite regress, and consider its implications in solvable and unsolvable games. For a solvable game, it determines predicted decisions to be the common knowledge of a Nash equilibrium, and for an unsolvable game, it is the common knowledge of a subsolution in Nash's sense. The latter result needs the common knowledge of the additional information of which subsolution would be played. We give also meta-theoretical evaluations of these results.
KW - Common knowledge
KW - Final decisions
KW - Game Logic
KW - Infinite regress of knowledge
KW - Nash equilibrium
KW - Solvable and unsolvable games
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M3 - Article
AN - SCOPUS:0012946016
SN - 0165-4896
VL - 38
SP - 105
EP - 137
JO - Mathematical Social Sciences
JF - Mathematical Social Sciences
IS - 2
ER -