Heller, Yuval (2009): Perfect correlated equilibria in stopping games.
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In many situations, such as trade in stock exchanges, agents have many instances to act even though the duration of interactions take a relatively short time. The agents in such situations can often coordinate their actions in advance, but coordination during the game consumes too much time. An equilibrium in such situations has to be sequential in order to handle mistakes made by players. In this paper, we present a new solution concept for infinite-horizon dynamic games, which is appropriate for such situations: a sequential constant-expectation normal-form correlated approximate equilibrium. Under additional assumptions, we show that every such game admits this kind of equilibrium.
|Item Type:||MPRA Paper|
|Original Title:||Perfect correlated equilibria in stopping games|
|Keywords:||stochastic games, stopping games, correlated equilibrium, sequential equilibrium, Ramsey Theorem, distribution equilibrium|
|Subjects:||C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C73 - Stochastic and Dynamic Games; Evolutionary Games; Repeated Games|
|Depositing User:||Yuval Heller|
|Date Deposited:||18. Oct 2010 15:14|
|Last Modified:||13. Feb 2013 15:02|
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Available Versions of this Item
Perfect correlated equilibria in stopping games. (deposited 12. Jun 2009 03:09)
Perfect correlated equilibria in stopping games. (deposited 11. Sep 2009 06:37)
- Perfect correlated equilibria in stopping games. (deposited 18. Oct 2010 15:14) [Currently Displayed]
- Perfect correlated equilibria in stopping games. (deposited 11. Sep 2009 06:37)