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In this note we show that, for generic plurality games (i.e., voting games under plurality rule), an equilibrium that induces a mixed distribution over the outcomes (i.e., with two or more candidates elected with positive probability), is regular and hence, a Mertens' stable set.
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This paper proposes an equilibrium concept for n-person finite games based on boundedly rational decision making by players. The players are modeled as following random choice behavior in the manner of the logit model of descrete choice theory as set forth by Luce.
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Is selfishness always a bad thing, in the sense that people can only be better off when everyone is concerned with well-being of others as well as with his own, or are there situations in which altruis, can actually make things worse for all people involved? This paper tackles this question in...
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