Uncommon Knowledge in Multiparty Auctions
Publication
, Journal Article
Banks, D; Guo, Y
Published in: Decision Analysis
September 1, 2022
The pure strategy Nash equilibrium (PSNE) solution to multiparty auctions makes the strong but unrealistic assumption that all participants share the same beliefs about the type distributions of the others, and that all know that this information is mutually known. This paper proposes two alternative analyses of such auction problems that do not make that presupposition. The first is based on a solution concept similar to the PSNE. The second is employs the level k thinking solution concept.
Duke Scholars
Published In
Decision Analysis
DOI
EISSN
1545-8504
ISSN
1545-8490
Publication Date
September 1, 2022
Volume
19
Issue
3
Start / End Page
220 / 228
Related Subject Headings
- 5204 Cognitive and computational psychology
- 5003 Philosophy
- 3507 Strategy, management and organisational behaviour
- 1505 Marketing
- 1503 Business and Management
- 0914 Resources Engineering and Extractive Metallurgy
Citation
APA
Chicago
ICMJE
MLA
NLM
Banks, D., & Guo, Y. (2022). Uncommon Knowledge in Multiparty Auctions. Decision Analysis, 19(3), 220–228. https://doi.org/10.1287/DECA.2022.0454
Banks, D., and Y. Guo. “Uncommon Knowledge in Multiparty Auctions.” Decision Analysis 19, no. 3 (September 1, 2022): 220–28. https://doi.org/10.1287/DECA.2022.0454.
Banks D, Guo Y. Uncommon Knowledge in Multiparty Auctions. Decision Analysis. 2022 Sep 1;19(3):220–8.
Banks, D., and Y. Guo. “Uncommon Knowledge in Multiparty Auctions.” Decision Analysis, vol. 19, no. 3, Sept. 2022, pp. 220–28. Scopus, doi:10.1287/DECA.2022.0454.
Banks D, Guo Y. Uncommon Knowledge in Multiparty Auctions. Decision Analysis. 2022 Sep 1;19(3):220–228.
Published In
Decision Analysis
DOI
EISSN
1545-8504
ISSN
1545-8490
Publication Date
September 1, 2022
Volume
19
Issue
3
Start / End Page
220 / 228
Related Subject Headings
- 5204 Cognitive and computational psychology
- 5003 Philosophy
- 3507 Strategy, management and organisational behaviour
- 1505 Marketing
- 1503 Business and Management
- 0914 Resources Engineering and Extractive Metallurgy