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Correlated Equilibrium in Games with Incomplete Information Revisited

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  • Françoise Forges

Abstract

A mistake in “Five legitimate definitions of correlated equilibrium (CE) in games with incomplete informationâ€\x9D motivates a re-examination of some extensions of the solution concept that Aumann introduced. Copyright Springer 2006

Suggested Citation

  • Françoise Forges, 2006. "Correlated Equilibrium in Games with Incomplete Information Revisited," Theory and Decision, Springer, vol. 61(4), pages 329-344, December.
    • Handle: RePEc:kap:theord:v:61:y:2006:i:4:p:329-344
    DOI: 10.1007/s11238-006-9005-3
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    1. Françoise Forges, 2006. "Correlated Equilibrium in Games with Incomplete Information Revisited," Theory and Decision, Springer, vol. 61(4), pages 329-344, December.
    2. Aumann, Robert J, 1987. "Correlated Equilibrium as an Expression of Bayesian Rationality," Econometrica, Econometric Society, vol. 55(1), pages 1-18, January.
    3. Aumann, Robert J., 1974. "Subjectivity and correlation in randomized strategies," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 67-96, March.
    4. Forges, Francoise, 1990. "Universal Mechanisms," Econometrica, Econometric Society, vol. 58(6), pages 1341-1364, November.
    5. Forges, Francoise M, 1986. "An Approach to Communication Equilibria," Econometrica, Econometric Society, vol. 54(6), pages 1375-1385, November.
    6. Eddie Dekel & Drew Fudenberg & Stephen Morris, 2005. "Interim Rationalizability," Levine's Bibliography 666156000000000526, UCLA Department of Economics.
    7. Vida, Péter & Āzacis, Helmuts, 2013. "A detail-free mediator," Games and Economic Behavior, Elsevier, vol. 81(C), pages 101-115.
    8. Ben-Porath, Elchanan, 2003. "Cheap talk in games with incomplete information," Journal of Economic Theory, Elsevier, vol. 108(1), pages 45-71, January.
    9. repec:dau:papers:123456789/168 is not listed on IDEAS
    10. Gerardi, Dino, 2004. "Unmediated communication in games with complete and incomplete information," Journal of Economic Theory, Elsevier, vol. 114(1), pages 104-131, January.
    11. Lehrer, Ehud & Rosenberg, Dinah & Shmaya, Eran, 2010. "Signaling and mediation in games with common interests," Games and Economic Behavior, Elsevier, vol. 68(2), pages 670-682, March.
    12. Peter Vida, 2005. "A Detail-free Mediator and the 3 Player Case," CERS-IE WORKING PAPERS 0511, Institute of Economics, Centre for Economic and Regional Studies.
    13. , C. & ,, 2006. "Hierarchies of belief and interim rationalizability," Theoretical Economics, Econometric Society, vol. 1(1), pages 19-65, March.
    14. MERTENS, Jean-François & ZAMIR, Shmuel, 1985. "Formulation of Bayesian analysis for games with incomplete information," LIDAM Reprints CORE 608, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    15. Forges, Francoise & Koessler, Frederic, 2005. "Communication equilibria with partially verifiable types," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 793-811, November.
    16. FORGES , Françoise, 1993. "Five Legitimate Definitions of Correlated Equilibrium in Games with Incomplete Information," LIDAM Discussion Papers CORE 1993009, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    17. Robert F. Nau, 1992. "Joint Coherence in Games of Incomplete Information," Management Science, INFORMS, vol. 38(3), pages 374-387, March.
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    More about this item

    Keywords

    Bayesian rationality; correlated equilibrium; games with incomplete information;
    All these keywords.

    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General

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