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Global games and equilibrium selection

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Author Info

  • Carlsson, H.
  • Damme, E.E.C. van

    (Tilburg University, Center for Economic Research)

Abstract

A global game is an incomplete information game where the actual payoff structure is determined by a random draw from a given class of games and where each player makes a noisy observation of the selected game. For 2 x 2 games, it is shown that, when the noise vanishes, iterated elimination of dominated strategies in the global game forces the players to conform to J. C. Harsanyi and R. Selten's risk dominance criterion. Copyright 1993 by The Econometric Society.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 1990-52.

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Date of creation: 1990
Date of revision:
Handle: RePEc:dgr:kubcen:199052

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Web page: http://center.uvt.nl

Related research

Keywords: Game Theory; Equilibrium Theory;

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References

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  1. Anderlini, Luca, 1999. "Communication, Computability, and Common Interest Games," Games and Economic Behavior, Elsevier, vol. 27(1), pages 1-37, April.
  2. Fudenberg, Drew & Kreps, David M. & Levine, David K., 1988. "On the robustness of equilibrium refinements," Journal of Economic Theory, Elsevier, vol. 44(2), pages 354-380, April.
  3. Carlsson, H. & Van Damme, E., 1989. "Global Payoff Uncertainty And Risk Dominance," Papers 8933, Tilburg - Center for Economic Research.
  4. Rubinstein, Ariel, 1989. "The Electronic Mail Game: Strategic Behavior under "Almost Common Knowledge."," American Economic Review, American Economic Association, vol. 79(3), pages 385-91, June.
  5. Monderer, Dov & Samet, Dov, 1989. "Approximating common knowledge with common beliefs," Games and Economic Behavior, Elsevier, vol. 1(2), pages 170-190, June.
  6. Akihiko Matsui, 1988. "Information Leakage Forces Cooperation," Discussion Papers 786, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  7. Carlsson, Hans, 1991. "A Bargaining Model Where Parties Make Errors," Econometrica, Econometric Society, vol. 59(5), pages 1487-96, September.
  8. Aumann, Robert J. & Sorin, Sylvain, 1989. "Cooperation and bounded recall," Games and Economic Behavior, Elsevier, vol. 1(1), pages 5-39, March.
  9. Brandenburger, Adam & Dekel, Eddie, 1987. "Common knowledge with probability 1," Journal of Mathematical Economics, Elsevier, vol. 16(3), pages 237-245, June.
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