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  1. Joint beliefs in conflictual coordination games.Peter Vanderschraaf & Diana Richards - 1997 - Theory and Decision 42 (3):287-310.
    The traditional solution concept for noncooperative game theory is the Nash equilibrium, which contains an implicit assumption that players’ probability distributions satisfy t probabilistic independence. However, in games with more than two players, relaxing this assumption results in a more general equilibrium concept based on joint beliefs. This article explores the implications of this joint-beliefs equilibrium concept for two kinds of conflictual coordination games: crisis bargaining and public goods provision. We find that, using updating consistent with Bayes’ rule, players’ beliefs (...)
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  • Correlated strategies as Institutions.Daniel G. M. Arce - 1997 - Theory and Decision 42 (3):271-285.
    Two institutions that are often implicit or overlooked in noncooperative games are the assumption of Nash behavior to solve a game, and the ability to correlate strategies. We consider two behavioral paradoxes; one in which maximin behavior rules out all Nash equilibria (‘Chicken’), and another in which minimax supergame behavior leads to an ‘inefficient’ outcome in comparison to the unique stage game equilibrium (asymmetric ‘Deadlock’). Nash outcomes are achieved in both paradoxes by allowing for correlated strategies, even when individual behavior (...)
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  • Common knowledge.Peter Vanderschraaf - 2008 - Stanford Encyclopedia of Philosophy.
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