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Refinements of the Nash Equilibrium Concept
Eddy Van Damme
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Description for Refinements of the Nash Equilibrium Concept
Paperback. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 161 pages, 4 black & white illustrations, biography. BIC Classification: KCA; KJT. Category: (P) Professional & Vocational. Dimension: 244 x 170 x 9. Weight in Grams: 294.
In this monograph, noncooperative games are studied. Since in a noncooperative game binding agreements are not possible, the solution of such a game has to be self enforcing, i. e. a Nash equilibrium (NASH [1950,1951J). In general, however, a game may possess many equilibria and so the problem arises which one of these should be chosen as the solution. It was first pointed out explicitly in SELTEN [1965J that I not all Nash equilibria of an extensive form game are qualified to be selected as the solution, since an equilibrium may prescribe irrational behavior at unreached parts of the game ... Read more
In this monograph, noncooperative games are studied. Since in a noncooperative game binding agreements are not possible, the solution of such a game has to be self enforcing, i. e. a Nash equilibrium (NASH [1950,1951J). In general, however, a game may possess many equilibria and so the problem arises which one of these should be chosen as the solution. It was first pointed out explicitly in SELTEN [1965J that I not all Nash equilibria of an extensive form game are qualified to be selected as the solution, since an equilibrium may prescribe irrational behavior at unreached parts of the game ... Read more
Product Details
Format
Paperback
Publication date
1983
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
161
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
155
Place of Publication
Berlin, Germany
ISBN
9783540126904
SKU
V9783540126904
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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