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Hidden Symmetries and Focal Points

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Author Info
Carlos Alós-Ferrer
Christoph Kuzmics

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Abstract

This paper provides a general formal framework to define and analyze the concepts of focal points and frames for normal form games. The information provided by a frame is captured by a symmetry structure which is consistent with the payoff structure of the game. The set of alternative symmetry structures has itself a clear structure (a lattice). Focal points are strategy profiles which respect the symmetry structure and are chosen according to some meta-norm, which is not particular to the framed game at hand. We also clarify the difference between different concepts of symmetry used in the literature.

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Publisher Info
Paper provided by Thurgauer Wirtschaftsinstitut, Universität Konstanz in its series TWI Research Paper Series with number 35.

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Date of creation: 2008
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Handle: RePEc:twi:respas:0035

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Related research
Keywords: symmetry; focal points; Nash equilibria;

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This page was last updated on 2009-11-30.


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