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Strategic stability of equilibria in multi-sender signaling games

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  • Vida, Péter
  • Honryo, Takakazu

Abstract

The concept of unprejudiced beliefs equilibrium is simple: out-of-equilibrium beliefs should be consistent with the principle that multiple deviations are infinitely less likely than single deviations. Our questions are: does there always exist such an equilibrium and what can be done if there are multiple such equilibria?

Suggested Citation

  • Vida, Péter & Honryo, Takakazu, 2021. "Strategic stability of equilibria in multi-sender signaling games," Games and Economic Behavior, Elsevier, vol. 127(C), pages 102-112.
    • Handle: RePEc:eee:gamebe:v:127:y:2021:i:c:p:102-112
    DOI: 10.1016/j.geb.2021.02.006
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    Citations

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    Cited by:

    1. Vaccari, Federico, 2023. "Competition in costly talk," Journal of Economic Theory, Elsevier, vol. 213(C).
    2. Vaccari, Federico, 2021. "Competition in Signaling," MPRA Paper 106071, University Library of Munich, Germany.
    3. Peter Vida & Takakazu Honryo & Helmuts Azacis, 2022. "Strong Forward Induction in Monotonic Multi-Sender Signaling Games," THEMA Working Papers 2022-08, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    4. Fuhai Hong & Yu Pang, 2024. "Mitigation and adaptation: an informational perspective," Journal of Economics, Springer, vol. 141(1), pages 57-92, January.
    5. Barney Hartman‐Glaser & Benjamin Hébert, 2020. "The Insurance Is the Lemon: Failing to Index Contracts," Journal of Finance, American Finance Association, vol. 75(1), pages 463-506, February.
    6. Minghua Chen & Konstantinos Serfes & Eleftherios Zacharias, 2023. "Prices as signals of product quality in a duopoly," International Journal of Game Theory, Springer;Game Theory Society, vol. 52(1), pages 1-31, March.
    7. Andreas Grunewald & Emanuel Hansen & Gert Pönitzsch, 2020. "Political selection and the optimal concentration of political power," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(1), pages 273-311, July.

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    More about this item

    Keywords

    Multi-sender signaling; Unprejudiced beliefs; Strategic stability; Forward induction;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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