Hidden symmetries and focal points

Carlos Alós-Ferrer and Christoph Kuzmics

Journal of Economic Theory, 2013, vol. 148, issue 1, 226-258

Abstract: We provide a general formal framework to define and analyze the concepts of focal points and frames for normal form games. The information provided by a frame is captured by a symmetry structure which is consistent with the payoff structure of the game. The set of symmetry structures has itself a clear structure (a lattice). Focal points are strategy profiles which respect the symmetry structure and are chosen according to some meta-norm, which is not particular to the framed game at hand.

Keywords: Symmetry; Focal points; Frames; Nash equilibria (search for similar items in EconPapers)
JEL-codes: C72 D83 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (28)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:148:y:2013:i:1:p:226-258

DOI: 10.1016/j.jet.2012.12.003

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