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Universal interactive preferences

Author

Listed:
  • Ganguli, Jayant
  • Heifetz, Aviad
  • Lee, Byung Soo
Abstract
We prove that a universal preference type space exists under more general conditions than those postulated by Epstein and Wang (1996). To wit, it suffices that preferences can be encoded monotonically in rich enough ways by collections of continuous, monotone real-valued functionals over acts, which determine—even in discontinuous fashion—the preferences over limit acts. The proof relies on a generalization of the method developed by Heifetz and Samet (1998a).

Suggested Citation

  • Ganguli, Jayant & Heifetz, Aviad & Lee, Byung Soo, 2016. "Universal interactive preferences," Journal of Economic Theory, Elsevier, vol. 162(C), pages 237-260.
    • Handle: RePEc:eee:jetheo:v:162:y:2016:i:c:p:237-260
    DOI: 10.1016/j.jet.2015.12.012
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    References listed on IDEAS

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    Cited by:

    1. Bergemann, Dirk & Morris, Stephen & Takahashi, Satoru, 2017. "Interdependent preferences and strategic distinguishability," Journal of Economic Theory, Elsevier, vol. 168(C), pages 329-371.
    2. Willemien Kets, 2012. "Bounded Reasoning and Higher-Order Uncertainty," Discussion Papers 1547, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    3. Galeazzi, Paolo & Marti, Johannes, 2023. "Choice structures in games," Games and Economic Behavior, Elsevier, vol. 140(C), pages 431-455.
    4. Dekel, Eddie & Siniscalchi, Marciano, 2015. "Epistemic Game Theory," Handbook of Game Theory with Economic Applications,, Elsevier.

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    More about this item

    Keywords

    Universal type space; Preference type space; Functional monotone class theorem; Epistemic game theory;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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