Existence and Stability of Nash Equilibrium

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Release : 2013
Genre : Business & Economics
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Book Rating : 658/5 ( reviews)

Existence and Stability of Nash Equilibrium - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Existence and Stability of Nash Equilibrium write by Guilherme Carmona. This book was released on 2013. Existence and Stability of Nash Equilibrium available in PDF, EPUB and Kindle. The book aims at describing the recent developments in the existence and stability of Nash equilibrium. The two topics are central to game theory and economics and have been extensively researched. Recent results on existence and stability of Nash equilibrium are scattered and the relationship between them has not been explained clearly. The book will make these results easily accessible and understandable to researchers in the field. Book jacket.

Stability and Perfection of Nash Equilibria

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Release : 2012-12-06
Genre : Mathematics
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Book Rating : 427/5 ( reviews)

Stability and Perfection of Nash Equilibria - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Stability and Perfection of Nash Equilibria write by Eric van Damme. This book was released on 2012-12-06. Stability and Perfection of Nash Equilibria available in PDF, EPUB and Kindle. I have been pleased with the favourable reception of the first edition of this book and I am grateful to have the opportunity to prepare this second edition. In this revised and enlarged edition I corrected some misprints and errors that occurred in the first edition (fortunately I didn't find too many) and I added a large number of notes that give the reader an impression of what kind of results have been obtained since the first edition was printed and that give an indication of the direction the subject is taking. Many of the notes discuss (or refer to papers discussing) applications of the refinements that are considered. Of course, it is the quantity and the quality of the insights and the applications that lend the refinements their validity. Although the guide to the applications is far from complete, the notes certainly allow the reader to form a good judgement of which refinements have really yielded new insights. Hence, as in the first edition, I will refrain from speculating on which refinements of Nash equilibria will survive in the long run. To defend this position let me also cite Binmore [1990] who compares writing about refinements to the Herculean task of defeating the nine-headed Hydra which grew too heads for each that was struck off. It is a pleasure to have the opportunity to thank my secretary, Marjoleine de Wit, who skilfully and, as always, cheerfully typed the manuscript and did the proofreading.

The Existence of a Coalition-proof Nash Equilibrium

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Release : 1995
Genre : Equilibrium (Economics)
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Book Rating : /5 ( reviews)

The Existence of a Coalition-proof Nash Equilibrium - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Existence of a Coalition-proof Nash Equilibrium write by Sang-Seung Yi. This book was released on 1995. The Existence of a Coalition-proof Nash Equilibrium available in PDF, EPUB and Kindle.

The Existence of Pure-strategy Nash Equilibrium in Games with Payoffs that are Not Quasiconcave

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Release : 1990
Genre : Game theory
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Book Rating : /5 ( reviews)

The Existence of Pure-strategy Nash Equilibrium in Games with Payoffs that are Not Quasiconcave - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Existence of Pure-strategy Nash Equilibrium in Games with Payoffs that are Not Quasiconcave write by Michael R. Baye. This book was released on 1990. The Existence of Pure-strategy Nash Equilibrium in Games with Payoffs that are Not Quasiconcave available in PDF, EPUB and Kindle.

Stability and Perfection of Nash Equilibria

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Release : 2012-12-06
Genre : Business & Economics
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Book Rating : 78X/5 ( reviews)

Stability and Perfection of Nash Equilibria - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Stability and Perfection of Nash Equilibria write by Eric van Damme. This book was released on 2012-12-06. Stability and Perfection of Nash Equilibria available in PDF, EPUB and Kindle. The last decade has seen a steady increase in the application of concepts from noncooperative game theory to such diverse fields as economics, political science, law, operations research, biology and social psychology. As a byproduct of this increased activity, there has been a growing awareness of the fact that the basic noncooperative solution concept, that of Nash equilibrium, suffers from severe drawbacks. The two main shortcomings of this concept are the following: (i) In extensive form games, a Nash strategy may prescribe off the equilibrium path behavior that is manifestly irrational. (Specifically, Nash equilibria may involve incredible threats), (ii) Nash equilibria need not be robust with respect to small perturbations in the data of the game. Confronted with the growing evidence to the detriment of the Nash concept, game theorists were prompted to search for more refined equilibrium notions with better properties and they have come up with a wide array of alternative solution concepts. This book surveys the most important refinements that have been introduced. Its objectives are fourfold (i) to illustrate desirable properties as well as drawbacks of the various equilibrium notions by means of simple specific examples, (ii) to study the relationships between the various refinements, (iii) to derive simplifying characterizations, and (iv) to discuss the plausibility of the assumptions underlying the concepts.