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Correlated Equilibria and Local Interactions

Author

Listed:
  • George J. mailath
  • Larry Samuelson
  • Avner Shaked

Abstract

This paper shows that Nash equilibria of a local-interaction game are equivalent to correlated equilibria of the underlying game.
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Suggested Citation

  • George J. mailath & Larry Samuelson & Avner Shaked, "undated". "Correlated Equilibria and Local Interactions," ELSE working papers 030, ESRC Centre on Economics Learning and Social Evolution.
    • Handle: RePEc:els:esrcls:030
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    File URL: ftp://ftp.repec.org/RePEc/els/esrcls/larr1.pdf
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    References listed on IDEAS

    as
    1. Ellison, Glenn, 1993. "Learning, Local Interaction, and Coordination," Econometrica, Econometric Society, vol. 61(5), pages 1047-1071, September.
    2. Robert J. Aumann, 2025. "Subjectivity and Correlation in Randomized Strategies," World Scientific Book Chapters, in: SELECTED CONTRIBUTIONS TO GAME THEORY, chapter 4, pages 73-113, World Scientific Publishing Co. Pte. Ltd..
    3. Anderlini, Luca & Ianni, Antonella, 1996. "Path Dependence and Learning from Neighbors," Games and Economic Behavior, Elsevier, vol. 13(2), pages 141-177, April.
    4. Blume Lawrence E., 1995. "The Statistical Mechanics of Best-Response Strategy Revision," Games and Economic Behavior, Elsevier, vol. 11(2), pages 111-145, November.
    5. Blume Lawrence E., 1993. "The Statistical Mechanics of Strategic Interaction," Games and Economic Behavior, Elsevier, vol. 5(3), pages 387-424, July.
    6. Mailath, G.J. & Samuelson, L. & Shaked, A., 1994. "Evolution and Endogenous Interations," Working papers 9426, Wisconsin Madison - Social Systems.
    Full references (including those not matched with items on IDEAS)

    Citations

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    as


    Cited by:

    1. Alos-Ferrer, Carlos & Weidenholzer, Simon, 2008. "Erratum to "Partial bandwagon effects and local interactions" [Games Econ. Behav. 61 (2007) 179-197]," Games and Economic Behavior, Elsevier, vol. 62(1), pages 324-325, January.
    2. Goyal, Sanjeev, 2003. "Learning in Networks: a survey," Economics Discussion Papers 9983, University of Essex, Department of Economics.
    3. William C. Grant, 2023. "Correlated Equilibrium and Evolutionary Stability in 3-Player Rock-Paper-Scissors," Games, MDPI, vol. 14(3), pages 1-16, May.
    4. Milchtaich, Igal, 2004. "Random-player games," Games and Economic Behavior, Elsevier, vol. 47(2), pages 353-388, May.
    5. Yuval Heller, 2012. "Sequential Correlated Equilibria in Stopping Games," Operations Research, INFORMS, vol. 60(1), pages 209-224, February.
    6. repec:osf:socarx:ymzrd_v1 is not listed on IDEAS
    7. Stephen Morris, "undated". "Interaction Games: A Unified Analysis of Incomplete Information, Local Interaction and Random Matching," Penn CARESS Working Papers 1879bf5487d743edef7f32bb2, Penn Economics Department.
    8. Kam-Chau Wong & Chongmin Kim, 2004. "Evolutionarily Stable Correlation," Econometric Society 2004 Far Eastern Meetings 495, Econometric Society.
    9. Kets, W., 2007. "Beliefs in Network Games (Replaced by CentER DP 2008-05)," Discussion Paper 2007-46, Tilburg University, Center for Economic Research.
    10. Kets, Willemien & Kager, Wouter & Sandroni, Alvaro, 2022. "The value of a coordination game," Journal of Economic Theory, Elsevier, vol. 201(C).
    11. Lars P. Metzger, 2018. "Evolution and correlated equilibrium," Journal of Evolutionary Economics, Springer, vol. 28(2), pages 333-346, April.
    12. Ianni, Antonella, 2001. "Learning correlated equilibria in population games," Mathematical Social Sciences, Elsevier, vol. 42(3), pages 271-294, November.
    13. Susan Lee, 1999. "Assortative Interactions and Endogenous Stratification," Working Papers 99-08-056, Santa Fe Institute.
    14. Azrieli, Yaron, 2010. "Categorization and correlation in a random-matching game," Journal of Mathematical Economics, Elsevier, vol. 46(3), pages 303-310, May.
    15. Lenzo, Justin & Sarver, Todd, 2006. "Correlated equilibrium in evolutionary models with subpopulations," Games and Economic Behavior, Elsevier, vol. 56(2), pages 271-284, August.
    16. Stephen Morris, 2000. "Contagion," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(1), pages 57-78.

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    21. Goyal, Sanjeev, 2003. "Learning in Networks: a survey," Economics Discussion Papers 9983, University of Essex, Department of Economics.

    More about this item

    Keywords

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    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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