In
signaling games
In game theory, a signaling game is a type of a dynamic game, dynamic Bayesian game.Subsection 8.2.2 in Fudenberg Trole 1991, pp. 326–331
The essence of a signaling game is that one player takes action, the signal, to convey information to anot ...
, a separating equilibrium is a type of
perfect Bayesian equilibrium
In game theory, a Bayesian game is a strategic decision-making model which assumes players have incomplete information. Players may hold private information relevant to the game, meaning that the payoffs are not common knowledge. Bayesian games mo ...
where agents with different characteristics choose different actions.
See also
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Signaling games
In game theory, a signaling game is a type of a dynamic game, dynamic Bayesian game.Subsection 8.2.2 in Fudenberg Trole 1991, pp. 326–331
The essence of a signaling game is that one player takes action, the signal, to convey information to anot ...
*
Pooling equilibrium
A pooling equilibrium in game theory is an equilibrium outcome of a signaling game.
In a signaling game, players send actions called "signals" to other players. These signals are based on privately held information, which is not known to others ...
*
Cheap talk
In game theory, cheap talk is communication between players that does not directly affect the payoffs of the game. Providing and receiving information is free. This is in contrast to signalling (economics), signalling, in which sending certain mess ...
References
Game theory equilibrium concepts
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