Correlated equilibria are more general, more realistic equilibrium concept than Nash equilibria. They can arise in situations where by making use of a public signal the players can improve on the Nash equilibria. Providing that public signal is a huge value vacuum begging to be Pareto-optimised
Correlated equilibria are more general, more realistic equilibrium concept than Nash equilibria. They can arise in situations where by making use of a public signal the players can improve on the Nash equilibria. Providing that public signal is a huge value vacuum begging to be Pareto-optimised