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Revision of conjectures about the opponent's utilities in signaling games

Author

Listed:
  • Schulteis, T.J.W.

    (Quantitative Economics)

  • Perea ý Monsuwé, A.

    (Quantitative Economics)

  • Peters, H.J.M.

    (Quantitative Economics)

  • Vermeulen, A.J.

    (Quantitative Economics)

Abstract

In this paper we apply the concept of preference conjecture equilibrium introduced in Perea (2003) to signaling games and show its relation to sequential equilibrium. Furthermore, we introduce the concept of minimum revision equilibrium and show how this can be interpreted as a refinement of sequential equilibrium. We also present a method to compute preference conjecture equilibria.
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Suggested Citation

  • Schulteis, T.J.W. & Perea ý Monsuwé, A. & Peters, H.J.M. & Vermeulen, A.J., 2004. "Revision of conjectures about the opponent's utilities in signaling games," Research Memorandum 008, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  • Handle: RePEc:unm:umamet:2004008
    DOI: 10.26481/umamet.2004008
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    References listed on IDEAS

    as
    1. Kreps, David M & Wilson, Robert, 1982. "Sequential Equilibria," Econometrica, Econometric Society, vol. 50(4), pages 863-894, July.
    2. Borm, Peter & Vermeulen, Dries & Voorneveld, Mark, 2003. "The structure of the set of equilibria for two person multicriteria games," European Journal of Operational Research, Elsevier, vol. 148(3), pages 480-493, August.
    3. In-Koo Cho & David M. Kreps, 1987. "Signaling Games and Stable Equilibria," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 102(2), pages 179-221.
    4. Grossman, Sanford J. & Perry, Motty, 1986. "Perfect sequential equilibrium," Journal of Economic Theory, Elsevier, vol. 39(1), pages 97-119, June.
    5. Banks, Jeffrey S & Sobel, Joel, 1987. "Equilibrium Selection in Signaling Games," Econometrica, Econometric Society, vol. 55(3), pages 647-661, May.
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    Cited by:

    1. Wing-Keung Wong & Chenghu Ma, 2008. "Preferences over location-scale family," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(1), pages 119-146, October.

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    More about this item

    JEL classification:

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

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