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Revision of conjectures about the opponent’s utilities in signaling games

Author

Listed:
  • Tim Schulteis
  • Andres Perea
  • Hans Peters
  • Dries Vermeulen

Abstract

In this paper we apply the concept of preference conjecture equilibrium introduced in Perea (2003) to signaling games and show its relation to sequential equilibrium. Furthermore, we introduce the concept of minimum revision equilibrium and show how this can be interpreted as a refinement of sequential equilibrium. We also present a method to compute preference conjecture equilibria.
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Suggested Citation

  • Tim Schulteis & Andres Perea & Hans Peters & Dries Vermeulen, 2007. "Revision of conjectures about the opponent’s utilities in signaling games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 30(2), pages 373-384, February.
    • Handle: RePEc:spr:joecth:v:30:y:2007:i:2:p:373-384
    DOI: 10.1007/s00199-005-0061-7
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    References listed on IDEAS

    as
    1. Kreps, David M & Wilson, Robert, 1982. "Sequential Equilibria," Econometrica, Econometric Society, vol. 50(4), pages 863-894, July.
    2. Borm, Peter & Vermeulen, Dries & Voorneveld, Mark, 2003. "The structure of the set of equilibria for two person multicriteria games," European Journal of Operational Research, Elsevier, vol. 148(3), pages 480-493, August.
    3. In-Koo Cho & David M. Kreps, 1987. "Signaling Games and Stable Equilibria," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 102(2), pages 179-221.
    4. Banks, Jeffrey S & Sobel, Joel, 1987. "Equilibrium Selection in Signaling Games," Econometrica, Econometric Society, vol. 55(3), pages 647-661, May.
    5. Grossman, Sanford J. & Perry, Motty, 1986. "Perfect sequential equilibrium," Journal of Economic Theory, Elsevier, vol. 39(1), pages 97-119, June.
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    Cited by:

    1. Wing-Keung Wong & Chenghu Ma, 2008. "Preferences over location-scale family," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(1), pages 119-146, October.

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    More about this item

    Keywords

    Signaling games; Preference conjecture equilibrium; Utility revision; C72;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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