Ramsey, David M. and Szajowski, Krzysztof
(2004):
*Correlated equilibria in competitive staff selection problem.*
Published in: Banach Center Publications
, Vol. 71,
(2006): pp. 253-265.

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## Abstract

This paper deals with an extension of the concept of correlated strategies to Markov stopping games. The idea of this paper was presented at Game Theory and Mathematical Economics, International Conference in Memory of Jerzy Łoś (1920 - 1998), Warsaw, September 2004. The Nash equilibrium approach to solving nonzero-sum stopping games may give multiple solutions. An arbitrator can suggest to each player the decision to be applied at each stage based on a joint distribution over the players' decisions. This is a form of equilibrium selection. Examples of correlated equilibria in nonzero-sum games related to the staff selection competition in the case of two departments are given. Utilitarian, egalitarian, republican and libertarian concepts of correlated equilibria selection are used.

Item Type: | MPRA Paper |
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Original Title: | Correlated equilibria in competitive staff selection problem |

English Title: | Correlated Equilibria in competitive Staff Selection Problem |

Language: | English |

Keywords: | correlated equilibria, Nash equilibria, non-zero sum game, secretary problem |

Subjects: | C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C68 - Computable General Equilibrium Models C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D58 - Computable and Other Applied General Equilibrium Models C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62 - Existence and Stability Conditions of Equilibrium |

Item ID: | 19870 |

Depositing User: | Krzysztof Szajowski |

Date Deposited: | 15 Jan 2010 14:27 |

Last Modified: | 27 Sep 2019 16:49 |

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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/19870 |