Bayes Correlated Equilibrium and the Comparison of Information Structures
نویسندگان
چکیده
منابع مشابه
Bayes Correlated Equilibrium and the Comparison of Information Structures in Games * September 16 , 2013 Revised October
The set of outcomes that can arise in Bayes Nash equilibria of an incomplete information game where players may have access to additional signals beyond the given information structure is equivalent to the set of a version of incomplete information correlated equilibrium which we dub Bayes correlated equilibrium. A game of incomplete information can be decomposed into a basic game, given by act...
متن کاملBayes correlated equilibrium and the comparison of information structures in games
A game of incomplete information can be decomposed into a basic game and an information structure. The basic game defines the set of actions, the set of payoff states, the payoff functions, and the common prior over the payoff states. The information structure refers to the signals that the players receive in the game. We characterize the set of outcomes that can arise in Bayes Nash equilibrium...
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* Bergemann: Department of Economics, Yale University, New Haven, CT 06511 (e-mail: [email protected]); Morris: Department of Economics, Princeton University, Princeton, NJ 08544 (e-mail: [email protected]). We acknowledge financial support from NSF SES 1459899. We would like to thank our discussant, Drew Fudenberg, and Ben Brooks, Jeff Ely, Emir Kamenica, Laurent Mathevet, and Tymofi...
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A set of players have preferences over a set of outcomes. We consider the problem of an "information designer" who can choose an information structure for the players to serve his ends, but has no ability to change the mechanism (or force the players to make particular action choices). We describe a unifying perspective for information design. We consider a simple example of Bayesian persuasion...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2327072