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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
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/10010266262
Conditions of information independence are important in information economics and game theory. We present notions of partial independence in Bayesian environments, and study their relationships to notions of common knowledge.
Persistent link: https://www.econbiz.de/10010266273
Persistent link: https://www.econbiz.de/10010266281
How should a coalition of cooperating players allocate payoþs to its members? This question arises in a broad range of situations and evokes an equally broad range of issues. For example, it raises technical issues in accounting, if the players are divisions of a corporation, but involves...
Persistent link: https://www.econbiz.de/10010266299
A central question in game theory and artificial intelligence is how a rational agent should behave in a complex environment, given that it cannot perform unbounded computations. We study strategic aspects of this question by formulating a simple model of a game with additional costs...
Persistent link: https://www.econbiz.de/10010266302
Real world players often increase their payoþs by voluntarily committing to play a .xed strategy, prior to the start of a strategic game. In fact, the players may further bene.t from commitments that are conditional on the commitments of others. This paper proposes a model of conditional...
Persistent link: https://www.econbiz.de/10010266312
The sensitivity of Nash equilibrium to strategic and informational details presents a diØ culty in applying it to games which are not fully specified. 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/10010266320
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