Nash Equilibrium
In: History of political economy, Band 36, Heft 4, S. 639-666
ISSN: 1527-1919
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In: History of political economy, Band 36, Heft 4, S. 639-666
ISSN: 1527-1919
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Working paper
In: European Journal of Political Economy, Band 9, Heft 4, S. 559-565
In: Cornell Law Review, Band 96, S. 869-900
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In: Forthcoming in Journal of Public Economics
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This thesis introduces, as major contribution, a new definition of strategically stable set of equilibria by considering a new class of perturbed games obtained by adding a set of irrelevant players and a collection of dominated strategies to the initial game. Both variations have no effect on the set of equilibria of the original game but allow to widen the resulting stable sets of equilibria up to satisfy all the properties proposed in Kohlberg and Mertens [1986] and in Mertens [1989]. Besides a new fictitious game is proposed to define a new single valued Nash equilibrium refinement, namely refined equilibria, and to extend strategic stability to correlated equilibria. In both cases the desired goals are not reached even if there are significant positive results: a refined equilibrium satisfies the invariance property improving on the concept of proper equilibrium. This result stems from a setting that is closer to the forward induction than the backwards induction approach: a single valued solution concept that always conforms with backwards induction cannot verify the property of invariance. Similarly the concept of stable correlated equilibria improve on both perfect and acceptable correlated equilibria since it can be applied to nplayer games and it excludes equilibria that are not perfect. ; (POLS - Sciences politiques et sociales) -- UCL, 2015
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This thesis introduces, as major contribution, a new definition of strategically stable set of equilibria by considering a new class of perturbed games obtained by adding a set of irrelevant players and a collection of dominated strategies to the initial game. Both variations have no effect on the set of equilibria of the original game but allow to widen the resulting stable sets of equilibria up to satisfy all the properties proposed in Kohlberg and Mertens [1986] and in Mertens [1989]. Besides a new fictitious game is proposed to define a new single valued Nash equilibrium refinement, namely refined equilibria, and to extend strategic stability to correlated equilibria. In both cases the desired goals are not reached even if there are significant positive results: a refined equilibrium satisfies the invariance property improving on the concept of proper equilibrium. This result stems from a setting that is closer to the forward induction than the backwards induction approach: a single valued solution concept that always conforms with backwards induction cannot verify the property of invariance. Similarly the concept of stable correlated equilibria improve on both perfect and acceptable correlated equilibria since it can be applied to nplayer games and it excludes equilibria that are not perfect. ; (POLS - Sciences politiques et sociales) -- UCL, 2015
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In: The B.E. journal of theoretical economics, Band 16, Heft 2
ISSN: 1935-1704
AbstractWe propose a complexity measure and an associated refinement based on the observation that best responses with more variations call for more precise anticipation. The variations around strategy profiles are measured by considering the cardinalities of players' pure strategy best responses when others' behavior is perturbed. After showing that the resulting selection method displays desirable properties, it is employed to deliver a refinement: the tenacious selection of Nash equilibrium. We prove that it exists; does not have containment relations with perfection, properness, persistence and other refinements; and possesses some desirable features.
In: Journal of political economy, Band 109, Heft 3, S. Back Cover-Back Cover
ISSN: 1537-534X
In: Game Theory and Mutual Misunderstanding; Studies in Economic Theory, S. 139-194
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In: European journal of international law, Band 23, Heft 4, S. 915-940
ISSN: 1464-3596
In: European journal of international law, Band 23, Heft 4, S. 915-940
ISSN: 0938-5428
World Affairs Online
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