Purification results are important in game theory and statistical decision theory. The purpose of this paper is to prove a general purification theorem that generalizes many authors' results. The key idea of our proof is to make use of the exact law of large numbers. As an application, we show...

Considering the coupled strength between interdependent networks, we introduce a new method to define the initial load on an edge and propose a cascading load model in interdependent networks. We explore the robustness of the interdependent networks against cascading failures by two measures,...

According to the dynamic characteristics of the cascading propagation, we introduce a mitigation mechanism and propose four mitigation methods on four types of nodes. By the normalized average avalanche size and a new measure, we demonstrate the efficiencies of the mitigation strategies on...

In this paper, adopting the initial load of a node i to be akiα with ki being the degree of the node i, we propose a cascading model based on a load local redistribution rule and examine cascading failures on the typical network, i.e., the BA network with the scale-free property. We find that...

Taking into account the load, the load redistribution, and the node capacity, we study the robustness of two interdependent networks A and B against cascading failures, where each node in network A depends on one node in network B, and vice versa. We adopt three kinds of link patterns between...

A comprehensive theory of large strategic games with (socioeconomic and biological) traits (LSGT) has recently been presented in Khan et al. (2012, 2013), and we present a reformulation pertaining to large distributional games with traits (LDGT).

This paper reports a definitive resolution to the question of the existence of a pure-strategy Bayesian–Nash equilibrium in games with a finite number of players, each with a compact metric action set and private information. The resolution hinges on saturated spaces. If the individual spaces...

This paper studies the existence of pure-strategy Nash equilibria for nonatomic games where players take actions in infinite-dimensional Banach spaces. For any infinite-dimensional Banach space, if the player space is modeled by the Lebesgue unit interval, we construct a nonatomic game which has...

Many economic models include random shocks imposed on a large number (continuum) of economic agents with individual risk. In this context, an exact law of large numbers and its converse is presented in Sun (2006) to characterize the cancelation of individual risk via aggregation. However, it is...