A SECURE REVERSION PROTOCOL THAT GENERATES PAY-OFFS DOMINATING REWARDS FROM CORRELATED EQUILIBRIUM

We define the reversion protocol of a voluntarily implementable Bayesian mechanism in which risk-averse players have no incentive to cheat or to deviate from the mediator's recommendation and that can greatly improve their equilibrium expected pay-offs as compared to those generated through coordination applied to the results of an unsatisfactory mediation.Bayesian rationality, correlated equilibrium distribution, reversion, secure protocol