Brandl, Florian; Brandt, Felix - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 4, pp. 1185-1201
Developing normative foundations for optimal play in two-player zero-sum games has turned out to be surprisingly difficult, despite the powerful strategic implications of the Minimax Theorem. We characterize maximin strategies by postulating coherent behavior in varying games. The first axiom,...