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Negative results in the theory of games with lexicographic utilities

When players may have lexicographic utilities, there are: (i) extensive games having a non-empty set of equilibria but empty sets of sequentially rational, sequential and perfect equilibria (ii) normal form games having a non-empty set of equilibria but an empty set of proper equilibria and no stable set of equilibria and (iii) two extensive games having the same normal form representation and disjoint sets of sequential equilibria.
Year of publication:
2003
Authors: Quesada, Antonio
Published in:
Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 3.2003, 20, p. 1-7
Publisher: AccessEcon
Subject: lexicographic expected utility
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application/pdf
Type of publication: Article
Language: English
Classification: C7 - Game Theory and Bargaining Theory
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Persistent link: https://www.econbiz.de/10005196492
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