摘要:We show that, in a minimum effort game with incomplete information where
player types are independently drawn, there is a largest and smallest Bayesian
equilibrium, leading to the set of equilibrium payoffs (as evaluated at the interim
stage) having a lattice structure. Furthermore, the range of equilibrium
payoffs converges to those of the deterministic complete information version of
the game, in the limit as the incomplete information vanishes. This entails that
such incomplete information alone cannot explain the equilibrium selection suggested
by experimental evidence.
关键词:Minimum effort games, Coordination games,
Incomplete information