Correlated Equilibrium with Generalized Information Structures
CFDP Revision Date
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.
Brandenburger, Adam; Dekel, Eddie; and Geanakoplos, John, "Correlated Equilibrium with Generalized Information Structures" (1988). Cowles Foundation Discussion Papers. 1128.