On pure-strategy equilibria in games with correlated information

B-Tier
Journal: Games and Economic Behavior
Year: 2018
Volume: 111
Issue: C
Pages: 289-304

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

This paper rehabilitates a program initiated in Aumann (1974) by contributing a result to the theory of finite-player Bayesian games in environments that explicitly include correlated information. An equivalence theorem offers conditions under which the set of mixed-strategy equilibrium payoffs in a classical finite-action game of complete information coincides with the set of objective pure-strategy Nash equilibrium (PSNE) expected payoffs in an affiliated Bayesian game with type-independent payoffs. This result is motivated for a non-specialist reader by several examples. An Appendix devoted to an intuitive discussion of the so-called ‘Lebesgue extension’ is added to make the paper self-contained.

Technical Details

RePEc Handle
repec:eee:gamebe:v:111:y:2018:i:c:p:289-304
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25