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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...
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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/10003781434
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...
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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/10003781447
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/10003781462
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. -- Bayesian games ; independent types ; common knowledge
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