Correlated equilibria in competitive staff selection problem
Volume 71 / 2006
Banach Center Publications 71 (2006), 253-265
MSC: Primary 60C40; Secondary 90A46.
DOI: 10.4064/bc71-0-21
Abstract
This paper deals with an extension of the concept of correlated strategies to Markov stopping games. The Nash equilibrium approach to solving nonzero-sum stopping games may give multiple solutions. An arbitrator can suggest to each player the decision to be applied at each stage based on a joint distribution over the players' decisions. This is a form of equilibrium selection. Examples of correlated equilibria in nonzero-sum games related to the staff selection competition in the case of two departments are given. Utilitarian, egalitarian, republican and libertarian concepts of correlated equilibria selection are used.
