Dependence and uniqueness in Bayesian games
This paper studies uniqueness of equilibrium in symmetric 2 x 2 bayesian games. It shows that if signals are highly but not perfectly dependent then players play their risk-dominant actions for all but a vanishing set of signal realizations. In contrast to the global games literature, noise is not...
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| Format: | Working paper |
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University of Oxford
2012
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| _version_ | 1826268468343734272 |
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| author | Beggs, A |
| author_facet | Beggs, A |
| author_sort | Beggs, A |
| collection | OXFORD |
| description | This paper studies uniqueness of equilibrium in symmetric 2 x 2 bayesian games. It shows that if signals are highly but not perfectly dependent then players play their risk-dominant actions for all but a vanishing set of signal realizations. In contrast to the global games literature, noise is not assumed to be additive. Dependence is modeled using the theory of copulas. |
| first_indexed | 2024-03-06T21:10:08Z |
| format | Working paper |
| id | oxford-uuid:3ddbe26d-7723-4dff-ade3-7e0961e6bf78 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T21:10:08Z |
| publishDate | 2012 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:3ddbe26d-7723-4dff-ade3-7e0961e6bf782022-03-26T14:21:59ZDependence and uniqueness in Bayesian gamesWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:3ddbe26d-7723-4dff-ade3-7e0961e6bf78Symplectic ElementsBulk import via SwordUniversity of Oxford2012Beggs, AThis paper studies uniqueness of equilibrium in symmetric 2 x 2 bayesian games. It shows that if signals are highly but not perfectly dependent then players play their risk-dominant actions for all but a vanishing set of signal realizations. In contrast to the global games literature, noise is not assumed to be additive. Dependence is modeled using the theory of copulas. |
| spellingShingle | Beggs, A Dependence and uniqueness in Bayesian games |
| title | Dependence and uniqueness in Bayesian games |
| title_full | Dependence and uniqueness in Bayesian games |
| title_fullStr | Dependence and uniqueness in Bayesian games |
| title_full_unstemmed | Dependence and uniqueness in Bayesian games |
| title_short | Dependence and uniqueness in Bayesian games |
| title_sort | dependence and uniqueness in bayesian games |
| work_keys_str_mv | AT beggsa dependenceanduniquenessinbayesiangames |