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Altruistic Behavior and Correlated Equilibrium Selection

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This paper studies new refinement concepts for correlated equilibria based on altruistic behavior of the players and which generalize some refinement concepts introduced by the authors in previous papers 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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Paper provided by Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy in its series CSEF Working Papers with number 269.

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Date of creation: 13 Dec 2010
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Publication status: Published in International Game Theory Review, 2011, Vol. 13, 363-381.
Handle: RePEc:sef:csefwp:269

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Keywords: correlated equilibrium; altruistic behavior; refinement;

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