Showing 1 - 2 of 2
Several authors have observed that in interactive decision frameworks, welfare is not monotonic with information in the sense that more information can make agents worse off. This contrasts with Blackwell’s comparison of statistical experiments in which more information can only make the...
Persistent link: https://www.econbiz.de/10005042970
Correlated equilibria and communication equilibria are useful notions to understand the strategic effects of information and communication. Between these two models, a protocol generates information through communication. We define a secure protocol as a protocol from which no individual may...
Persistent link: https://www.econbiz.de/10005008352