Books > Business & Economics > Business & management > Management & management techniques > Operational research
|
Buy Now
Refinements of the Nash Equilibrium Concept (Paperback, 1983 ed.)
Loot Price: R1,523
Discovery Miles 15 230
|
|
Refinements of the Nash Equilibrium Concept (Paperback, 1983 ed.)
Series: Lecture Notes in Economics and Mathematical Systems, 219
Expected to ship within 10 - 15 working days
|
Donate to Gift Of The Givers
Total price: R1,543
Discovery Miles: 15 430
|
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 tree. Moreover, also for normal form games not
all Nash equilibria are eligible, since an equilibrium need not be
robust with respect to slight perturba tions in the data of the
game. These observations lead to the conclusion that the Nash
equilibrium concept has to be refined in order to obtain sensible
solutions for every game. In the monograph, various refinements of
the Nash equilibrium concept are studied. Some of these have been
proposed in the literature, but others are presented here for the
first time. The objective is to study the relations between these
refine ments;to derive characterizations and to discuss the
underlying assumptions. The greater part of the monograph (the
chapters 2-5) is devoted to the study of normal form games.
Extensive form games are considered in chapter 6.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.