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We consider the "and" communication device that receives inputs from two players and outputs the public signal yes if both messages are yes, and outputs no otherwise. We prove that no correlation can securely be implemented using this device, even when infinitely many stages of communication are...
Persistent link: https://www.econbiz.de/10005375641
We exhibit a general class of interactive decision situations in which all the agents benefit from more information. This class includes as a special case the classical comparison of statistical experiments à la Blackwell. Copyright Springer-Verlag 2003
Persistent link: https://www.econbiz.de/10005598462
This paper proves a Folk Theorem for finitely repeated games with mixed strategies. To obtain this result, we first show a similar property for finitely repeated games with terminal payoffs.
Persistent link: https://www.econbiz.de/10005755655
We construct a non-zero sum game on the square, with separately continuous payoff functions, and which has no correlated equilibrium. This answers a recent question of Nowak.
Persistent link: https://www.econbiz.de/10005375615
We offer a new representation for the space of conditional systems on a finite set. We prove its equivalence with the usual representations, and use it to give short proofs of several known results.
Persistent link: https://www.econbiz.de/10005755635
We study finite zero-sum stochastic games in which players do not observe the actions of their opponent. Rather, at each stage, each player observes a stochastic signal that may depend on the current state and on the pair of actions chosen by the players. We assume that each player observes the...
Persistent link: https://www.econbiz.de/10005755656