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This short survey discusses recent findings on the robustness of Nash equilibria of strategic games with many semianonymous players. It describes the notion of structural robustness and its general consequences, as well as implications to particular games, such as ones played on the web and...
Persistent link: https://www.econbiz.de/10005824373
This is a study of the economic behavior of vendors of service in competition. A simple model with two competing exponential servers and Poisson arrivals is considered. Each server is free to choose his own service rate at a cost (per time unit) that is strictly convex and increasing. There is a...
Persistent link: https://www.econbiz.de/10009208674
Due to their many applications, large Bayesian games have been a subject of growing interest in game theory and related fields. But to a large extent, models (1) have been restricted to one-shot interaction, (2) are based on an assumption that player types are independent and (3) assume that the...
Persistent link: https://www.econbiz.de/10010659195
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The sensitivity of Nash equilibrium to strategic and informational details presents a difficulty in applying it to games which are not fully speci?ed. Structurally-robust Nash equilibria are less sensitive to such details. More- over, they arrise naturally in important classes of games that have...
Persistent link: https://www.econbiz.de/10005252417
Due to their many applications, large Bayesian games have been a subject of growing interest in game theory and related fields. But to a large extent, models (1) have been restricted to one-shot interaction, (2) are based on an assumption that player types are independent and (3) assume that the...
Persistent link: https://www.econbiz.de/10010352862
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