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A broad nontechnical coverage of many of the developments in game theory since the 1950s is given together with some … flourishes best when it stays in touch with application. There is a vital symbiotic relationship between good theory and practice …. The breakneck speed of development of game theory calls for an appreciation of both the many realities of conflict …
Persistent link: https://www.econbiz.de/10009204991
Existence of equilibrium is proved for an exchange strategic market game with complete markets. An example of equilibrium with inconsistent prices is given.
Persistent link: https://www.econbiz.de/10005762760
This is the first projected series of papers on solutions to games in matrix and extensive form.
Persistent link: https://www.econbiz.de/10005593149
We introduce a model of the 2 x 2 games played by agents or subordinates of the players. We assume that each agent or subordinates of the players. We assume that each agent is not as perceptive as his commander in that he can make only two distinctions among the four outcomes whose value can be...
Persistent link: https://www.econbiz.de/10005593204
There are many situations in which a customer's proclivity to buy the product of any firm depends not only on the classical attributes of the product such as its price and quality, but also on who else is buying the same product. We model these situations as games in which firms compete for...
Persistent link: https://www.econbiz.de/10005593259
solution concepts in cooperative game theory. Since 1980 the three basic games noted below have been used with five more or …
Persistent link: https://www.econbiz.de/10005593262
The set of possible outcomes of a strongly ordinal bimatrix game is studied by imbedding each pair of possible payoffs as a point on the standard two-dimensional integral lattice. In particular, we count the number of different Pareto optimal sets of each cardinality; we establish asymptotic...
Persistent link: https://www.econbiz.de/10005463998
This essay offers an exposition of the potential uses of game theoretic reasoning and mathematical models in the study of the prevention of nuclear war.
Persistent link: https://www.econbiz.de/10005249153
Decision theory and game theory are extended to allow for information processing errors. This extended theory is then …
Persistent link: https://www.econbiz.de/10005249171
This paper is devoted to a discussion of several simple experimental games used in a series of lectures on game theory …
Persistent link: https://www.econbiz.de/10005249181