The Consistency Principle for Set-valued Solutions and a New Direction for Normative Game Theory

We extend the consistency principle for strategic games (Peleg and Tijs (1996)) to apply to solutions which assign to each game a collection of product sets of strategies. Such solutions turn out to satisfy desirable properties that solutions assigning to each game a collection of strategy profiles lack. Our findings lead us to propose a new direction for normative game theory.

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Year of publication:	1998-05-07
Authors:	Dufwenberg, Martin ; Norde, Henk ; Reijnierse, Hans ; Tijs, Stef
Institutions:	Nationalekonomiska Institutionen, Uppsala Universitet
Subject:	Consistency \| set-valued solutions \| normative game theory

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Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Published in Mathematical Methods of Operations Research, 2001, pages 119-131. The text is part of a series Working Paper Series Number 1998:11 18 pages
Classification:	C72 - Noncooperative Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005644548