between the New and the Old Members. The methodological tools imply absolute and conditional Ø- and σ-convergence. By …

extensive literature on generalized expected utility. In this paper we are the first to apply μ-σ theory to the … analysis of (static) games. μ-σ theory is widely accepted in the finance literature; using it allows us to study …03bc;-σ utility functions and determine the best response strategy. In the case of 2 × 2 and N × M games, we are …

pairwise, relative and σ-convergence. We show that there is evidence of pairwise price convergence and that some key … the existence of a convergence process. This result carries over to the notion of σ-convergence and is robust to a …