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Persistent link: https://www.econbiz.de/10009738349
Although mixed extensions of finite games always admit equilibria, this is not the case for countable games, the best-known example being Waldʼs pick-the-larger-integer game. Several authors have provided conditions for the existence of equilibria in infinite games. These conditions are...
Persistent link: https://www.econbiz.de/10013079136
The implausibility of the extreme rationality assumptions of Nash equilibrium has been attested by numerous experimental studies with human players. In particular, the fundamental social dilemmas such as the Traveler's dilemma, the Prisoner's dilemma, and the Public Goods game demonstrate high...
Persistent link: https://www.econbiz.de/10014157729