Title
Correlated equilibria of two person repeated games with random signals.
Abstract
In this work we extend a result of Lehrer (Math Oper Res 17(1):175–199, 1992a) characterising the correlated equilibrium payoffs in undiscounted two player repeated games with partial monitoring to the case in which the signals are permitted to be stochastic. In particular, we develop appropriate versions of Lehrer’s concepts of “indistinguishable” and “more informative.” We also show that any individually rational payoff associated with a (correlated) distribution on pure action profiles in the stage game such that neither player can profitably deviate from one of his actions to another that is indistinguishable and more informative is the payoff of a correlated equilibrium of the infinitely repeated game.
Year
DOI
Venue
2016
10.1007/s00182-015-0495-5
International Journal of Game Theory
Keywords
Field
DocType
Two player repeated games, Imperfect monitoring, Stochastic signals, Correlated equilibrium
Welfare economics,Correlated equilibrium,Mathematical economics,Repeated game,Bayesian game,Mathematics,Stochastic game
Journal
Volume
Issue
ISSN
45
1-2
1432-1270
Citations 
PageRank 
References 
0
0.34
8
Authors
2
Name
Order
Citations
PageRank
John Hillas142.24
Min Liu200.34