A remark on discontinuous games with asymmetric information and ambiguity
- First Online:
- Cite this article as:
- He, W. & Yannelis, N.C. Econ Theory Bull (2017) 5: 119. doi:10.1007/s40505-016-0100-5
- 61 Downloads
We consider discontinuous games with asymmetric information and ambiguity (i.e., players have maximin preferences à la Gilboa and Schmeidler (1989)). It is shown that the existence of equilibria follows directly from the existence of Nash equilibria in every ex post game if all players are endowed with the maximin preferences. This is false for discontinuous games where players have Bayesian preferences as shown in He and Yannelis (2015a).