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In various countries, including the Netherlands and Austria, legislation is such that the question whether a specific game should be considered as a game of chance or as a game of skill is predominant in the exploitation decision of private casinos.This paper aims for an objective and...
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AMS classification: 90D12
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AMS classification: 90D12
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We focus on axiomatizations of the Pareto equilibrium concept in multicriteria games based on consistency.Axiomatizations of the Nash equilibrium concept by Peleg and Tijs (1996) and Peleg, Potters, and Tijs (1996) have immediate generalizations.The axiomatization of Norde et al.(1996) cannot be...
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Bayesian equilibria are characterized by means of consistency and one-person rationality in combination with non-emptiness or converse consistency. Moreover, strong and coalition-proof Bayesian equilibria of extended Bayesian games are introduced and it is seen that these notions can be...
Persistent link: https://www.econbiz.de/10011087096
This paper focuses on the subclass of cooperative games with stochastic payoffs in which the preferences of the agents are such that a stochastic payoff can be represented by a deterministic equivalent.To each game within this class one can associate a game with deterministic payoffs.It is shown...
Persistent link: https://www.econbiz.de/10011087107