Conformity and out of equilibrium beliefs
نویسندگان
چکیده
منابع مشابه
Correlated equilibrium and behavioral conformity∗
Is conformity amongst similar individuals consistent with self-interested behavior? We consider a model of incomplete information in which each player receives a signal, interpreted as an allocation to a role, and can make his action choice conditional on his role. Our main result demonstrates that ‘near to’ any correlated equilibrium is an approximate correlated equilibrium ‘with conformity’ —...
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Is conformity amongst similar individuals consistent with self-interested behavior? We consider a model of incomplete information in which each player receives a signal, interpreted as an allocation to a role, and can make his action choice conditional on his role. Our main result demonstrates that ‘near to’ any correlated equilibrium is an approximate correlated equilibrium ‘with conformity’ —...
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We extend the results of Blume, Brandenberger, and Dekel (1991b) to obtain a finite characterization of perfect equilibria in terms of lexicographic probability systems (LPSs). The LPSs we consider are defined over individual strategy sets and thus capture the property of independence among players’ actions. Our definition of a product LPS over joint actions of the players is shown to be canoni...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2009
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2008.11.003