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}
}
  • R. Aumann
  • Published 1987
  • Economics, Mathematics
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

Figures from this paper

A Note on Correlated Equilibrium and Bayesian Rationality
A Note on Bayesian Rationality and Correlated Equilibrium
Correlated equilibrium under uncertainty
  • K. Lo
  • Economics, Computer Science
  • Math. Soc. Sci.
  • 2002
Equilibrium in Beliefs under Uncertainty
Bayesian learning leads to correlated equilibria in normal form games
...
1
2
3
4
5
...