A tree formulation for signaling games

Dassiou, X. & Glycopantis, D. (2013). A tree formulation for signaling games. Game Theory, 2013(754398), doi: 10.1155/2013/754398

[img]
Preview
PDF
Available under License Creative Commons: Attribution 3.0.

Download (1MB) | Preview

Abstract

The paper has as a starting point the work of the philosopher Professor D. Lewis. We provide a detailed presentation and complete analysis of the sender/receiver Lewis signaling game using a game theory extensive form, decision tree formulation. It is shown that there are a number of Bayesian equilibria. We explain which equilibrium is the most likely to prevail. Our explanation provides an essential step for understanding the formation of a language convention. The informational content of signals is discussed and it is shown that a correct action is not always the result of a truthful signal. We allow for this to be reflected in the payoff of the sender. Further, concepts and approaches from neighbouring disciplines, notably economics, suggest themselves immediately for interpreting the results of our analysis (rational expectations, self-fulfilling prophesies).

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: School of Social Sciences > Department of Economics
Related URLs:
URI: http://openaccess.city.ac.uk/id/eprint/3419

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics