Extreme Nash and Correlated Equilibria in Bimatrix Games

Extreme Nash and Correlated Equilibria in Bimatrix Games PDF Author: Hansen, P. (Pierre)
Publisher: Montréal : Groupe d'études et de recherche en analyse des décisions
ISBN:
Category :
Languages : en
Pages : 22

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Extreme Nash and Correlated Equilibria in Bimatrix Games

Extreme Nash and Correlated Equilibria in Bimatrix Games PDF Author: Hansen, P. (Pierre)
Publisher: Montréal : Groupe d'études et de recherche en analyse des décisions
ISBN:
Category :
Languages : en
Pages : 22

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Perfect and Proper Refinements of All Extreme Nash Equilibria for Bimatrix Games

Perfect and Proper Refinements of All Extreme Nash Equilibria for Bimatrix Games PDF Author: Charles Audet
Publisher:
ISBN:
Category :
Languages : en
Pages : 18

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Extreme Nash and Correlated Equilibrian in Bimatrix Games

Extreme Nash and Correlated Equilibrian in Bimatrix Games PDF Author: G. Gomez Canovas
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Extreme Nash and Corrrelated Equilibria in Bimatrix Games

Extreme Nash and Corrrelated Equilibria in Bimatrix Games PDF Author: Sabrina Gomez Canovas
Publisher:
ISBN:
Category :
Languages : en
Pages : 22

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Stability and Perfection of Nash Equilibria

Stability and Perfection of Nash Equilibria PDF Author: Eric van Damme
Publisher: Springer Science & Business Media
ISBN: 3642582427
Category : Mathematics
Languages : en
Pages : 354

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Book Description
I have been pleased with the favourable reception of the first edition of this book and I am grateful to have the opportunity to prepare this second edition. In this revised and enlarged edition I corrected some misprints and errors that occurred in the first edition (fortunately I didn't find too many) and I added a large number of notes that give the reader an impression of what kind of results have been obtained since the first edition was printed and that give an indication of the direction the subject is taking. Many of the notes discuss (or refer to papers discussing) applications of the refinements that are considered. Of course, it is the quantity and the quality of the insights and the applications that lend the refinements their validity. Although the guide to the applications is far from complete, the notes certainly allow the reader to form a good judgement of which refinements have really yielded new insights. Hence, as in the first edition, I will refrain from speculating on which refinements of Nash equilibria will survive in the long run. To defend this position let me also cite Binmore [1990] who compares writing about refinements to the Herculean task of defeating the nine-headed Hydra which grew too heads for each that was struck off. It is a pleasure to have the opportunity to thank my secretary, Marjoleine de Wit, who skilfully and, as always, cheerfully typed the manuscript and did the proofreading.

Exchangeable Equilibria

Exchangeable Equilibria PDF Author: Noah Daniel Stein
Publisher:
ISBN:
Category :
Languages : en
Pages : 191

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The main contribution of this thesis is a new solution concept for symmetric games (of complete information in strategic form), the exchangeable equilibrium. This is an intermediate notion between symmetric Nash and symmetric correlated equilibrium. While a variety of weaker solution concepts than correlated equilibrium and a variety of refinements of Nash equilibrium are known, there is little previous work on "interpolating" between Nash and correlated equilibrium. Several game-theoretic interpretations suggest that exchangeable equilibria are natural objects to study. Moreover, these show that the notion of symmetric correlated equilibrium is too weak and exchangeable equilibrium is a more natural analog of correlated equilibrium for symmetric games. The geometric properties of exchangeable equilibria are a mix of those of Nash and correlated equilibria. The set of exchangeable equilibria is convex, compact, and semi-algebraic, but not necessarily a polytope. A variety of examples illustrate how it relates to the Nash and correlated equilibria. The same ideas which lead to the notion of exchangeable equilibria can be used to construct tighter convex relaxations of the symmetric Nash equilibria as well as convex relaxations of the set of all Nash equilibria in asymmetric games. These have similar mathematical properties to the exchangeable equilibria. An example game reveals an algebraic obstruction to computing exact exchangeable equilibria, but these can be approximated to any degree of accuracy in polynomial time. On the other hand, optimizing a linear function over the exchangeable equilibria is NP-hard. There are practical linear and semidefinite programming heuristics for both problems. A secondary contribution of this thesis is the computation of extreme points of the set of correlated equilibria in a simple family of games. These examples illustrate that in finite games there can be factorially many more extreme correlated equilibria than extreme Nash equilibria, so enumerating extreme correlated equilibria is not an effective method for enumerating extreme Nash equilibria. In the case of games with a continuum of strategies and polynomial utilities, the examples illustrate that while the set of Nash equilibria has a known finite-dimensional description in terms of moments, the set of correlated equilibria admits no such finite-dimensional characterization.

Refinements of the Nash Equilibrium Concept

Refinements of the Nash Equilibrium Concept PDF Author: E. van Damme
Publisher: Springer Science & Business Media
ISBN: 3642499708
Category : Business & Economics
Languages : en
Pages : 161

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Book Description
In this monograph, noncooperative games are studied. Since in a noncooperative game binding agreements are not possible, the solution of such a game has to be self enforcing, i. e. a Nash equilibrium (NASH [1950,1951J). In general, however, a game may possess many equilibria and so the problem arises which one of these should be chosen as the solution. It was first pointed out explicitly in SELTEN [1965J that I not all Nash equilibria of an extensive form game are qualified to be selected as the solution, since an equilibrium may prescribe irrational behavior at unreached parts of the game tree. Moreover, also for normal form games not all Nash equilibria are eligible, since an equilibrium need not be robust with respect to slight perturba tions in the data of the game. These observations lead to the conclusion that the Nash equilibrium concept has to be refined in order to obtain sensible solutions for every game. In the monograph, various refinements of the Nash equilibrium concept are studied. Some of these have been proposed in the literature, but others are presented here for the first time. The objective is to study the relations between these refine ments;to derive characterizations and to discuss the underlying assumptions. The greater part of the monograph (the chapters 2-5) is devoted to the study of normal form games. Extensive form games are considered in chapter 6.

Brief van een Fries aan een Hollander, over de navigatie en't engelscke papieren geld, ...

Brief van een Fries aan een Hollander, over de navigatie en't engelscke papieren geld, ... PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Introduction to the Theory of Games

Introduction to the Theory of Games PDF Author: Ferenc Forgó
Publisher: Springer Science & Business Media
ISBN: 9780792357759
Category : Business & Economics
Languages : en
Pages : 356

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Book Description
Game theory, defined in the broadest sense, is a collection of mathematical models designed for the analysis of strategic aspects of situations of conflict and cooperation in a broad spectrum of fields including economics, politics, biology, engineering, and operations research. This book, besides covering the classical results of game theory, places special emphasis on methods of determining `solutions' of various game models. Generalizations reaching beyond the `convexity paradigm' and leading to nonconvex optimization problems are enhanced and discussed in more detail than in standard texts on this subject. The development is theoretical-mathematical interspersed with elucidating interpretations and examples. Audience: The material in the book is accessible to PhD and graduate students and will also be of interest to researchers. Solid knowledge of standard undergraduate mathematics is required to read the book.

Handbook of Game Theory with Economic Applications

Handbook of Game Theory with Economic Applications PDF Author: R.J. Aumann
Publisher: North Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 900

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Book Description
The third volume of the 'Handbook of Game Theory' explores: strategic (Nash) equilibrium, incomplete information, bargaining, inspection, economic history, stochastic games and game theory as applied to industrial organisation.