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Working Paper
Hidden symmetries and focal points
Author(s)
We
provide 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. The definition of a symmetry
structure is given in steps of increasing complexity allowing us to
precisely explain differences between existing definitions.
Date Published:
2008
Citations:
Alos-Ferrer, Carlos, Christoph Kuzmics. 2008. Hidden symmetries and focal points.