In Correlated Equilibrium
The revelation principle says that for every arbitrary coordinating device a.k.a. correlating there exists another direct device for which the state space equals the action space of each player. Then the coordination is done by directly informing each player of his action.
Read more about this topic: Revelation Principle
Famous quotes containing the words correlated and/or equilibrium:
“...care and labor are as much correlated to human existence as shadow is to light ...”
—Harriet Beecher Stowe (1811–1896)
“There is a relation between the hours of our life and the centuries of time. As the air I breathe is drawn from the great repositories of nature, as the light on my book is yielded by a star a hundred millions of miles distant, as the poise of my body depends on the equilibrium of centrifugal and centripetal forces, so the hours should be instructed by the ages and the ages explained by the hours.”
—Ralph Waldo Emerson (1803–1882)