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Since some Nash equilibria can be considered as irrational, we are interested here in refinements of Nash equilibria, i.e. concepts of solutions associating to each game a subset of Nash equilibria of this game. Considering only finite games with normal form, we first define the most desirable...
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In strictly competitive games, equilibrium mixed strategies are invariant to changes in the ultimate prizes. Dixit & Skeath (1999) argue that this seems counter-intuitive. We show that this invariance is robust to dropping the independence axiom, but is removed if we drop the reduction axiom.
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In a carrot game for a player, that player must help his opponent in order to get a desired response. In a stick game for a player, that player must hurt his opponent to get a desired response. We show that most all smooth monotonic two player games can be classified as: carrot for both, carrot...
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