Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071945 | Games and Economic Behavior | 2013 | 13 Pages |
Abstract
Two information structures are equivalent from the perspective of a modeler, if they induce the same equilibrium outcomes. We characterize the situations in which two information structures are equivalent in terms of natural transformations, called garblings, from one structure to another. We study the notion of 'being equivalent to' in relation with three equilibrium concepts: Nash equilibrium, agent normal-form correlated equilibrium and the belief invariant Bayesian solution.
Related Topics
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Authors
Ehud Lehrer, Dinah Rosenberg, Eran Shmaya,