# Correlated Equilibrium as an Expression of Bayesian Rationality Author ( s )

@inproceedings{Aumann1987CorrelatedEA, title={Correlated Equilibrium as an Expression of Bayesian Rationality Author ( s )}, author={R. Aumann}, year={1987} }

If it is common knowledge that the players in a game are Bayesian utility maximizers who treat uncertainty about other players' actions like any other uncertainty, then the outcome is necessarily a correlated equilibrium. Random strategies appear as an expression of each player's uncertainty about what the others will do, not as the result of willful randomization. Use is made of the common prior assumption, according to which differences in probability assessments by different individuals are… Expand

#### 1,460 Citations

A Note on Bayesian Rationality and Correlated Equilibrium

- Economics, Computer Science
- 2015

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