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This paper shows that Nash equilibria of a local-interaction game are equivalent to correlated equilibria of the underlying game.
Persistent link: https://www.econbiz.de/10005742620
We examine an evolutionary model with "local interactions," so that some agents may be more likely to interact than others. We show that equilibrium strategy choices with given local interactions correspond to correlated equilibria of the underlying game, suggesting an new interpretation for...
Persistent link: https://www.econbiz.de/10005407562
This paper shows that Nash equilibria of a local-interaction game are equivalent to correlated equilibria of the underlying game.
Persistent link: https://www.econbiz.de/10005370673
Persistent link: https://www.econbiz.de/10005117603
Persistent link: https://www.econbiz.de/10004968307
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We examine an evolutionary model with "local interactions," so that agents are more likely to interact with some agents than with others. We first review the result that equilibrium strategy choices with given local interactions correspond to correlated equilibria of the underlying game. We then...
Persistent link: https://www.econbiz.de/10005794237