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Altruistic Behavior And Correlated Equilibrium Selection

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  • GIUSEPPE DE MARCO

    ()
    (Dipartimento di Statistica e Matematica per la Ricerca Economica, University of Naples Parthenope, Via Medina 40, Napoli 80133, Italy; CSEF, University di Napoli Federico II, Italy)

  • JACQUELINE MORGAN

    ()
    (Dipartimento di Matematica e Statistica, University of Naples Federico II, Via Cinthia, Napoli, 80126, Italy; CSEF, University di Napoli Federico II, Italy)

Abstract

This paper studies new refinement concepts for correlated equilibria based on altruistic behavior of the players and generalizes some refinement concepts previously developed by the authors for Nash equilibria. Effectiveness of the concepts, relations with the corresponding notions for Nash equilibria and with other correlated equilibrium refinements are investigated. The analysis of the topological properties of the set of solutions concludes the paper.

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Bibliographic Info

Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Game Theory Review.

Volume (Year): 13 (2011)
Issue (Month): 04 ()
Pages: 363-381

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Handle: RePEc:wsi:igtrxx:v:13:y:2011:i:04:p:363-381

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Keywords: Correlated equilibrium; refinement; altruistic behavior; friendliness;

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