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Correlated Equilibria and Local Interactions

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  • George J. mailath
  • Larry Samuelson
  • Avner Shaked

Abstract

This paper shows that Nash equilibria of a local-interaction game are equivalent to correlated equilibria of the underlying game.

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Bibliographic Info

Paper provided by ESRC Centre on Economics Learning and Social Evolution in its series ELSE working papers with number 030.

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Handle: RePEc:els:esrcls:030

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Keywords: ract: This paper shows that Nash equilibria of a local-interaction game are equivalent to correlated equilibria of the underlying game.;

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References

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  1. Aumann, Robert J., 1974. "Subjectivity and correlation in randomized strategies," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 67-96, March.
  2. Ellison, Glenn, 1993. "Learning, Local Interaction, and Coordination," Econometrica, Econometric Society, vol. 61(5), pages 1047-71, September.
  3. L. Blume, 2010. "The Statistical Mechanics of Strategic Interaction," Levine's Working Paper Archive 488, David K. Levine.
  4. Lawrence Blume, 1993. "The Statistical Mechanics of Best-Response Strategy Revision," Game Theory and Information 9307001, EconWPA, revised 26 Jan 1994.
  5. Aderlini, L. & Ianni, A., 1993. "Path Dependence and Learning from Neighbours," Papers 186, Cambridge - Risk, Information & Quantity Signals.
  6. repec:att:wimass:9426 is not listed on IDEAS
  7. George Mailath & Larry Samuelson & Avner Shaked, 1994. "Evolution and Endogenous Interactions," Game Theory and Information 9410003, EconWPA.
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Citations

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Cited by:
  1. Azrieli, Yaron, 2010. "Categorization and correlation in a random-matching game," Journal of Mathematical Economics, Elsevier, vol. 46(3), pages 303-310, May.
  2. Stephen Morris, 1997. "Interaction Games: A Unified Analysis of Incomplete Information, Local Interaction, and Random Matching," Research in Economics 97-08-072e, Santa Fe Institute.
  3. Susan Lee, 1999. "Assortative Interactions and Endogenous Stratification," Working Papers 99-08-056, Santa Fe Institute.
  4. Kam-Chau Wong & Chongmin Kim, 2004. "Evolutionarily Stable Correlation," Econometric Society 2004 Far Eastern Meetings 495, Econometric Society.
  5. Lars Koch, 2008. "Evolution and Correlated Equilibrium," Bonn Econ Discussion Papers bgse14_2008, University of Bonn, Germany.
  6. Ianni, Antonella, 2001. "Learning correlated equilibria in population games," Mathematical Social Sciences, Elsevier, vol. 42(3), pages 271-294, November.
  7. Sanjeev Goyal, 2003. "Learning in Networks: a survey," Economics Discussion Papers 563, University of Essex, Department of Economics.
  8. Alos-Ferrer, Carlos & Weidenholzer, Simon, 2007. "Partial bandwagon effects and local interactions," Games and Economic Behavior, Elsevier, vol. 61(2), pages 179-197, November.
  9. Kets, W., 2007. "Beliefs in Network Games (Replaced by CentER DP 2008-05)," Discussion Paper 2007-46, Tilburg University, Center for Economic Research.
  10. Stephen Morris, . "Contagion," Penn CARESS Working Papers ab67d13cfae3b5b56b7b9df3b, Penn Economics Department.
  11. Milchtaich, Igal, 2004. "Random-player games," Games and Economic Behavior, Elsevier, vol. 47(2), pages 353-388, May.
  12. Lenzo, Justin & Sarver, Todd, 2006. "Correlated equilibrium in evolutionary models with subpopulations," Games and Economic Behavior, Elsevier, vol. 56(2), pages 271-284, August.

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