We conducted an experiment in which each subject repeatedly played a game with a unique Nash equilibrium in mixed strategies against some computer-implemented mixed strategy. The results indicate subjects are successful at detecting and exploiting deviations from Nash equilibrium. However, there...

We review some different approaches to treat the continuous-time portfolio problem under transaction costs and highlight the difficulties with their application to real-world tasks. In particular, we point out the problems and possibilities of using the Morton and Pliska (1995) approach and its...

In this paper we consider communication situations in which utility is nontransferable. We compare this model with the more familiar model of transferable utility communication situations in terms of the corresponding graph-restricted games. We extend transferable utility results on the...