Article ID Journal Published Year Pages File Type
956772 Journal of Economic Theory 2013 33 Pages PDF
Abstract

We provide a general formal framework to define and analyze the concepts of focal points and frames for normal form games. The information provided by a frame is captured by a symmetry structure which is consistent with the payoff structure of the game. The set of symmetry structures has itself a clear structure (a lattice). Focal points are strategy profiles which respect the symmetry structure and are chosen according to some meta-norm, which is not particular to the framed game at hand.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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