Showing 1 - 10 of 188
We study coordination in dynamic global games with private learning. Players choose whether and when to invest … tolerant of non-simultaneous coordination. We also identify conditions under which players coordinate on the risk …
Persistent link: https://www.econbiz.de/10011049831
We develop an approach to providing epistemic conditions for admissible behavior in games. Instead of using lexicographic beliefs to capture infinitely less likely conjectures, we postulate that players use tie-breaking sets to help decide among strategies that are outcome-equivalent given their...
Persistent link: https://www.econbiz.de/10011049856
multiple Pareto-ranked Nash equilibria in the game and the “coordination problem” refers to the fact that rational equilibrium …
Persistent link: https://www.econbiz.de/10011049691
individuals are able to coordinate on equilibria, but that coordination strongly depends on the network structure. Despite … frequent coordination failures, in graphs of size N=4 equilibrium play seems easier on network architectures with high (low …
Persistent link: https://www.econbiz.de/10011049842
This paper investigates the role of endogenous timing of decisions on coordination under asymmetric information. In the … equilibrium of a global coordination game, where players choose the timing of their decision, a player who has sufficiently high … coordination: a learning effect (early decisions reveal information) and a complementarity effect (early decisions eliminate …
Persistent link: https://www.econbiz.de/10011049850
: communication can be public, private or a mixture of both. Payoffs are assumed to be sensitive to unilateral deviations. First, for …
Persistent link: https://www.econbiz.de/10010931179
A sender wishes to transmit a secret to a receiver through a communication network, where some nodes are controlled by … an adversary. We characterize the directed networks for which there exist ε-secret and ε-strongly secure communication …
Persistent link: https://www.econbiz.de/10011049722
This paper shows that the efficiency bound for communication equilibria identified by Goltsman et al. (2009) in the …
Persistent link: https://www.econbiz.de/10011049785
We show that in multi-sender communication games where senders imperfectly observe the state, if the state space is … large, then even when the state is observed imperfectly, there are communication equilibria that are strictly better for the …
Persistent link: https://www.econbiz.de/10011117135
Given the regularity condition on posteriors proposed in Lehrer and Samet (2011), we show that Lehrer and Sametʼs (2011) characterization of agreeing to agree in countable-information models cannot be extended to uncountable-information models. This answers an open question raised in Lehrer and...
Persistent link: https://www.econbiz.de/10011049797