Makoto Shimoji
University of York
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Publication
Featured researches published by Makoto Shimoji.
Journal of Economic Theory | 1998
Makoto Shimoji; Joel Watson
We propose a notion of conditional dominance for games whose representations designate information sets. We prove that iterated conditional dominance is equivalent to extensive form rationalizability. We also conduct a general analysis of these concepts, yielding new insights on rationalizability and on the equivalence of solutions when applied to different representations of a game.
Games and Economic Behavior | 2004
Makoto Shimoji
In this paper, we identify the conditions under which a strategy is weakly dominated if and only if it is not sequential best response. In addition, we explore the implication for extensive form rationalizability.
Econometrica | 2015
Miguel A. Costa-Gomes; Makoto Shimoji
Ivanov, Levin, and Niederle (2010) use a common‐value second‐price auction experiment to reject beliefs‐based explanations for the winners curse. ILNs conclusion, however, stems from the misuse of theoretical arguments. Beliefs‐based models are even compatible with some observations from ILNs experiment.
Games and Economic Behavior | 2012
Makoto Shimoji
We introduce a condition, Nash-equivalent self-confirming equilibrium. If beliefs are assumed to be independent and unitary, Nash-equivalent self-confirming equilibrium and Nash equilibrium are outcome-equivalent. We show that the set of Nash-equivalent self-confirming equilibria and the set of self-confirming equilibria which are outcome-equivalent to Nash equilibria coincide. Our condition identifies the collection of information sets and requires the existence of beliefs shared by (certain sets of) players regarding these information sets. If the information sets are off the equilibrium path, the beliefs regarding them do not have to be correct. Our condition is weaker than that of strongly consistent self-confirming equilibrium by Kamada (2010).
Canadian Parliamentary Review | 2004
Abbigail J. Chiodo; Massimo Guidolin; Michael T. Owyang; Makoto Shimoji
Economic Theory | 2002
Makoto Shimoji
Journal of Mathematical Economics | 2014
Miguel A. Costa-Gomes; Makoto Shimoji
Archive | 2003
Abbigail J. Chiodo; Massimo Guidolin; Michael T. Owyang; Makoto Shimoji
Games and Economic Behavior | 2015
Makoto Shimoji; Paul Schweinzer
B E Journal of Theoretical Economics | 2012
Jack Robles; Makoto Shimoji