Hidden Symmetries and Focal Points

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57_No35_08_08_TWI_RPS_Alos_Ferrer_Kuzmics.pdf
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2008
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Kuzmics, Christoph
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Zusammenfassung

This paper provides 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 alternative 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. We also clarify the difference between different concepts of symmetry used in the literature.

Zusammenfassung in einer weiteren Sprache
Fachgebiet (DDC)
330 Wirtschaft
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symmetry, focal points, Nash equilibria
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ISO 690ALÓS-FERRER, Carlos, Christoph KUZMICS, 2008. Hidden Symmetries and Focal Points
BibTex
@techreport{AlosFerrer2008Hidde-12134,
  year={2008},
  series={Research paper series / Thurgauer Wirtschaftsinstitut},
  title={Hidden Symmetries and Focal Points},
  number={35},
  author={Alós-Ferrer, Carlos and Kuzmics, Christoph}
}
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