Online concealed correlation and bounded rationality

B-Tier
Journal: Games and Economic Behavior
Year: 2014
Volume: 88
Issue: C
Pages: 71-89

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Correlation of players' actions may evolve in the common course of the play of a repeated game with perfect monitoring (“online correlation”). In this paper we study the concealment of such correlation from a boundedly rational player. We show that “strong” players, i.e., players whose strategic complexity is less stringently bounded, can orchestrate the online correlation of the actions of “weak” players, where this correlation is concealed from an opponent of “intermediate” strength. The feasibility of such “online concealed correlation” is reflected in the individually rational payoff of the opponent and in the equilibrium payoffs of the repeated game.

Technical Details

RePEc Handle
repec:eee:gamebe:v:88:y:2014:i:c:p:71-89
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24