Title

Correlated Equilibrium with Generalized Information Structures

Document Type

Discussion Paper

Publication Date

8-1-1988

CFDP Number

884R

CFDP Revision Date

1989-08-01

CFDP Pages

21

Abstract

We study the “generalized correlated equilibria” of a game when players make information processing errors. It is shown that the assumption of information processing errors is equivalent to that of “subjectivity” (i.e., differences between the players’ priors). Hence a bounded rationality justification of subjective priors is provided. We also describe the set of distributions on actions induced by generalized correlated equilibria with common priors.

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