Public information, private information, and the multiplicity of equilibria in coordination games. (Q1867549)
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scientific article; zbMATH DE number 1891537
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Public information, private information, and the multiplicity of equilibria in coordination games. |
scientific article; zbMATH DE number 1891537 |
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Public information, private information, and the multiplicity of equilibria in coordination games. (English)
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2 April 2003
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The author considers games with incomplete information and investigates equilibrium convergence as the level of noise in the information structure vanishes. Conditions of such convergence to common knowledge equilibria, which depend on the relations between public and private signals, are established.
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global games
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equilibrium convergence
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common knowledge
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