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Persistent link: https://www.econbiz.de/10008657365
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 report results from an experiment that explores the empirical validity of correlated equilibrium, an important generalization of the Nash equilibrium concept. Specifically, we seek to understand the conditions under which subjects playing the game of Chicken will condition their behavior on...
Persistent link: https://www.econbiz.de/10012723772
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
, absent prior discussions, the project is never undertaken. However, with a prior stage of communication, all ex-ante and …
Persistent link: https://www.econbiz.de/10014030120
We consider the well-analyzed abatement game (Barrett 1994) and prove that correlation among the players (nations) can …
Persistent link: https://www.econbiz.de/10010462720
A game of incomplete information can be decomposed into a basic game and an information structure. The basic game defines the set of actions, the set of payoff states the payoff functions and the common prior over the payoff states. The information structure refers to the signals that the...
Persistent link: https://www.econbiz.de/10011672033
Persistent link: https://www.econbiz.de/10002071407
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
nodes in a communication network. However, communication through the network is noisy, which removes common knowledge about …
Persistent link: https://www.econbiz.de/10011600156