Estimation application downloads and cost
Description
This app helps you analyze Perfect Bayesian Equilibria in a class of Sender-Receiver (signaling) games with incomplete information.
In these games first Nature picks the Senders type, from a set of two types, according to commonly-known prior probabilities. The Sender observes his type and chooses either (say) "left" or "right". The Receiver does not observe the Senders type, only his action, and chooses a binary response. Payoffs depend on the entire history of the game. Perfect Bayesian Equilibrium and its refinements (e.g., the Intuitive Criterion) are commonly-used solution concepts in this environment.
Incomplete information Sender-Receiver games are widely used in economics (e.g., Spencian signaling models). The app comes with over a dozen different pre-set games, all with the same game tree but with various priors and payoffs, and consequently various sets of equilibria - ranging from a unique PBE obtained by iterated strict dominance to multiple equilibria (pooling, separating, or hybrid), satisfying or not the Intuitive Criterion. You may also choose a game with random payoffs, and edit both the payoffs and the prior to make up and analyze your own game.
The app helps you verify whether an assessment (which means a strategy profile and corresponding beliefs) form a PBE, or even a PBE satisfying the Intuitive Criterion. It is not a solver, but a tool for (guided) individual learning and discovery.
For more detail on how to use the app please click the "Help" button in the top-right corner. Send comments or interesting games for inclusion in future updates to [email protected].
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In these games first Nature picks the Senders type, from a set of two types, according to commonly-known prior probabilities. The Sender observes his type and chooses either (say) "left" or "right". The Receiver does not observe the Senders type, only his action, and chooses a binary response. Payoffs depend on the entire history of the game. Perfect Bayesian Equilibrium and its refinements (e.g., the Intuitive Criterion) are commonly-used solution concepts in this environment.
Incomplete information Sender-Receiver games are widely used in economics (e.g., Spencian signaling models). The app comes with over a dozen different pre-set games, all with the same game tree but with various priors and payoffs, and consequently various sets of equilibria - ranging from a unique PBE obtained by iterated strict dominance to multiple equilibria (pooling, separating, or hybrid), satisfying or not the Intuitive Criterion. You may also choose a game with random payoffs, and edit both the payoffs and the prior to make up and analyze your own game.
The app helps you verify whether an assessment (which means a strategy profile and corresponding beliefs) form a PBE, or even a PBE satisfying the Intuitive Criterion. It is not a solver, but a tool for (guided) individual learning and discovery.
For more detail on how to use the app please click the "Help" button in the top-right corner. Send comments or interesting games for inclusion in future updates to [email protected].
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Application availability
Available in countries
Country | Price |
---|---|
Canada | free |
China | free |
France | free |
Germany | free |
Italy | free |
Netherlands | free |
Portugal | free |
Spain | free |
Poland | free |
UK | free |
India | free |
Japan | free |
Korea, Republic Of | free |
Poland | free |
Russia | free |
Turkey | free |
USA | free |
Korea, Republic Of | free |
Ukraine | free |