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A seCure reversion protocol that generates payoffs dominating correlated equilibrium

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  • Cédric Wanko
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    Abstract

    We define the reversion protocol of a voluntarily implementable Bayesian mechanism in which risk-averse players have no incentive to cheat or to deviate from the mediator’s recommendation and that can greatly improve their equilibrium expected payoffs as compared to those generated through coordination applied to the results of an unsatisfactory mediation.

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    File URL: http://www.lameta.univ-montp1.fr/Documents/DR2010-11.pdf
    File Function: First version, 2010
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    Bibliographic Info

    Paper provided by LAMETA, Universtiy of Montpellier in its series Working Papers with number 10-11.

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    Length: 16 pages
    Date of creation: Sep 2010
    Date of revision: Sep 2010
    Handle: RePEc:lam:wpaper:10-11

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