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A strong correlated equilibrium is a correlated strategy profile that is immune to joint deviations. Different notions of strong correlated equilibria have been defined in the literature. One major difference among those definitions is the stage in which coalitions can plan a joint deviation:...
Persistent link: https://www.econbiz.de/10014205603
We propose a simple adaptive procedure for playing a game. In this procedure, players depart from their current play with probabilities that are proportional to measures of regret for not having used other strategies (these measures are updated every period). It is shown that our adaptive...
Persistent link: https://www.econbiz.de/10014060837
We show that essentially every communication equilibrium of any finite Bayesian game with two players can be …. -- Bayesian game ; cheap talk ; communication equilibrium ; correlated equilibrium ; pre-play communication …
Persistent link: https://www.econbiz.de/10009010498
We show that essentially every communication equilibrium of any finite Bayesian game with two players can be …
Persistent link: https://www.econbiz.de/10013128960
We show that essentially every communication equilibrium of any finite Bayesian game with two players can be …
Persistent link: https://www.econbiz.de/10011687076
The paper analyzes the role of the structure of communication - i.e. who is talking with whom - on the choice of … analysis of credibility, the subjects should communicate and play the Pareto optimal equilibrium only when communication is … disregard communication. The experimental data conform to our predictions: the agents reach the Pareto-dominant equilibrium only …
Persistent link: https://www.econbiz.de/10010418867
Persistent link: https://www.econbiz.de/10002071407
nodes in a communication network. However, communication through the network is noisy, which removes common knowledge about …
Persistent link: https://www.econbiz.de/10011600156
This is a corrigendum to Theorem 15 of Jackson and Swinkels (2005) [Existence of Equilibrium in Single and Double Private Value Auctions, Econometrica, 73, 93-140], which proves the existence of equilibrium with positive probability of trade for private value auctions
Persistent link: https://www.econbiz.de/10012779627