Identification and Estimation of Dynamic Games When Players’ Beliefs Are Not in Equilibrium
参与者信念不处于均衡时动态博弈的识别与估计
This article deals with the identification and estimation of dynamic games when players’ beliefs about other players’ actions are biased, that is, beliefs do not represent the probability distribution of the actual behaviour of other players conditional on the information available. First, we show that an exclusion restriction, typically used to identify empirical games, provides testable non-parametric restrictions of the null hypothesis of equilibrium beliefs in dynamic…