ALTRUISTIC BEHAVIOR AND CORRELATED EQUILIBRIUM SELECTION

This paper studies new refinement concepts for correlated equilibria based on altruistic behavior of the players and generalizes some refinement concepts previously developed by the authors for Nash equilibria. Effectiveness of the concepts, relations with the corresponding notions for Nash equilibria and with other correlated equilibrium refinements are investigated. The analysis of the topological properties of the set of solutions concludes the paper.

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Year of publication:	2011
Authors:	MARCO, GIUSEPPE DE ; MORGAN, JACQUELINE
Published in:	International Game Theory Review (IGTR). - World Scientific Publishing Co. Pte. Ltd., ISSN 1793-6675. - Vol. 13.2011, 04, p. 363-381
Publisher:	World Scientific Publishing Co. Pte. Ltd.
Subject:	Correlated equilibrium \| refinement \| altruistic behavior \| friendliness

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	B4 - Economic Methodology ; C0 - Mathematical and Quantitative Methods. General ; C6 - Mathematical Methods and Programming ; C7 - Game Theory and Bargaining Theory ; D5 - General Equilibrium and Disequilibrium ; D7 - Analysis of Collective Decision-Making ; M2 - Business Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010552465