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Existence of sparsely supported correlated equilibria

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Abstract

We show that every finite N-player normal form game possesses a correlated equilibrium with a precise lower bound on the number of outcomes to which it assigns zero probability. In particular, the largest games with a unique fully supported correlated equilibrium are two-player games; moreover, the lower bound grows exponentially in the number of players N.

Suggested Citation

  • Fabrizio Germano & Gábor Lugosi, 2005. "Existence of sparsely supported correlated equilibria," Economics Working Papers 907, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2006.
    • Handle: RePEc:upf:upfgen:907
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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. Sergiu Hart & David Schmeidler, 2013. "Existence Of Correlated Equilibria," World Scientific Book Chapters, in: Simple Adaptive Strategies From Regret-Matching to Uncoupled Dynamics, chapter 1, pages 3-14, World Scientific Publishing Co. Pte. Ltd..
    3. Sergiu Hart & David Schmeidler, 2013. "Existence Of Correlated Equilibria," World Scientific Book Chapters, in: Simple Adaptive Strategies From Regret-Matching to Uncoupled Dynamics, chapter 1, pages 3-14, World Scientific Publishing Co. Pte. Ltd..
    4. Noa Nitzan, 2005. "Tight Correlated Equilibrium," Discussion Paper Series dp394, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
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    Cited by:

    1. Yakov Babichenko & Siddharth Barman & Ron Peretz, 2017. "Empirical Distribution of Equilibrium Play and Its Testing Application," Mathematics of Operations Research, INFORMS, vol. 42(1), pages 15-29, January.
    2. Jiang, Albert Xin & Leyton-Brown, Kevin, 2015. "Polynomial-time computation of exact correlated equilibrium in compact games," Games and Economic Behavior, Elsevier, vol. 91(C), pages 347-359.
    3. Noah Stein & Asuman Ozdaglar & Pablo Parrilo, 2011. "Structure of extreme correlated equilibria: a zero-sum example and its implications," International Journal of Game Theory, Springer;Game Theory Society, vol. 40(4), pages 749-767, November.
    4. Stein, Noah D. & Parrilo, Pablo A. & Ozdaglar, Asuman, 2011. "Correlated equilibria in continuous games: Characterization and computation," Games and Economic Behavior, Elsevier, vol. 71(2), pages 436-455, March.

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    More about this item

    Keywords

    Correlated equilibrium; finite games;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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