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Observable Actions

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  • Ishii, Ryosuke

Abstract

We consider a game with " meta-players" who observe each other's actions before actual play. The observability exerts an effect like repeated games without discounting. The game has Nash equilibria with any individually rational payoff profiles. In addition, the outcomes that satisfy a modified version of evolutionary stability lead to Pareto efficiency in coordination games.

Suggested Citation

  • Ishii, Ryosuke, 2012. "Observable Actions," ビジネス創造センターディスカッション・ペーパー (Discussion papers of the Center for Business Creation) 10252/4776, Otaru University of Commerce.
    • Handle: RePEc:ota:busdis:10252/4776
    as

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    References listed on IDEAS

    as
    1. Levine, David K. & Pesendorfer, Wolfgang, 2007. "The evolution of cooperation through imitation," Games and Economic Behavior, Elsevier, vol. 58(2), pages 293-315, February.
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    More about this item

    Keywords

    Metagame; Folk theorem; Evolutionarily stable set; Equilibrium selection;
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