“Subjectivity and correlation in randomized strategies”: Back to the roots

Françoise Forges and Indrajit Ray ()
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Françoise Forges: CEREMADE - CEntre de REcherches en MAthématiques de la DEcision - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique, LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique

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Abstract: The very first paper published in the Journal of Mathematical Economics, "Subjectivity and correlation in randomized strategies", by Aumann, proposes a new approach to strategic form games by taking account of an extraneous space of states of the world, on which every player has a subjective probability distribution and private information. We review some of Aumann's results as well as some properties and extensions of the best known by-product of his seminal paper, the "correlated equilibrium".

Keywords: Communication equilibrium; Correlated equilibrium; Experiment; Multistage game; Pure strategy equilibrium; Recommendation (search for similar items in EconPapers)
Date: 2024-08-12
New Economics Papers: this item is included in nep-hpe
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Published in Journal of Mathematical Economics, 2024, 114, ⟨10.1016/j.jmateco.2024.103044⟩

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Journal Article: “Subjectivity and correlation in randomized strategies”: Back to the roots (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04929273

DOI: 10.1016/j.jmateco.2024.103044

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