A Characterization of Melioration in Game Theoretic Frameworks

The theory of melioration, originally formulated for individual decision-making contexts, is formally extended to a game theoretic framework. This paper proves the existence of a distribution that is a melioration strategy on the part of all players. Further, the question of stability of such a distribution is studied.

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Year of publication:	2001
Authors:	Apesteguia, Jose
Publisher:	Bonn : University of Bonn, Bonn Graduate School of Economics (BGSE)
Subject:	Bounded Rationality \| Melioration \| Game Theory \| Existence of Equilibrium \| Stability

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Series:	Bonn Econ Discussion Papers ; 26/2001
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	869494104 [GVK] hdl:10419/78399 [Handle] RePEc:zbw:bonedp:262001 [RePEc]
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; C72 - Noncooperative Games
Source:	EconStor

Persistent link: https://www.econbiz.de/10010317657