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Strategic stability of equilibria in multi-sender signaling games

Author

Listed:
  • Takakazu Honryo
  • Péter Vida

    (THEMA - Théorie économique, modélisation et applications - CNRS - Centre National de la Recherche Scientifique - CY - CY Cergy Paris Université)

Abstract

The concept of unprejudiced beliefs equilibrium is simple: out-of-equilibrium beliefs should be consistent with the principle that multiple deviations are infinitely less likely than single deviations. Our questions are: does there always exist such an equilibrium and what can be done if there are multiple such equilibria?
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Suggested Citation

  • Takakazu Honryo & Péter Vida, 2021. "Strategic stability of equilibria in multi-sender signaling games," Post-Print hal-03637788, HAL.
  • Handle: RePEc:hal:journl:hal-03637788
    DOI: 10.1016/j.geb.2021.02.006
    Note: View the original document on HAL open archive server: https://hal.science/hal-03637788
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    References listed on IDEAS

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    Cited by:

    1. Peter Vida & Takakazu Honryo & Helmuts Azacis, 2022. "Strong Forward Induction in Monotonic Multi-Sender Signaling Games," THEMA Working Papers 2022-08, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    2. Barney Hartman‐Glaser & Benjamin Hébert, 2020. "The Insurance Is the Lemon: Failing to Index Contracts," Journal of Finance, American Finance Association, vol. 75(1), pages 463-506, February.
    3. Vaccari, Federico, 2021. "Competition in Signaling," MPRA Paper 106071, University Library of Munich, Germany.
    4. Andreas Grunewald & Emanuel Hansen & Gert Pönitzsch, 2020. "Political selection and the optimal concentration of political power," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(1), pages 273-311, July.

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    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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