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)
“That doctrine [of peace at any price] has done more mischief than any I can well recall that have been afloat in this country. It has occasioned more wars than any of the most ruthless conquerors. It has disturbed and nearly destroyed that political equilibrium so necessary to the liberties and the welfare of the world.”
—Benjamin Disraeli (1804–1881)