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We present a comprehensive theory of large games in which players have names and determinate social-types and/or biological traits, and identify through four decisive examples, essentially based on a matching-pennies type game, pathologies arising from the use of a Lebesgue interval for...
Persistent link: https://www.econbiz.de/10011043030
We present a comprehensive theory of large games in which players have names and determinate social-types and/or biological traits, and identify through four decisive examples, essentially based on a matching-pennies type game, pathologies arising from the use of a Lebesgue interval for player's...
Persistent link: https://www.econbiz.de/10010579066
Persistent link: https://www.econbiz.de/10010250037
Persistent link: https://www.econbiz.de/10009612385
Persistent link: https://www.econbiz.de/10010479472
This paper demonstrates the class of atomless spaces that accurately models the space of players in a large game which represents an idealized limit of a sequence of finite-player games. Through two examples, we show that arbitrary atomless probability spaces, in particular, the Lebesgue unit...
Persistent link: https://www.econbiz.de/10010930794
The existence of pure-strategy Nash equilibrium is shown for a non-cooperative game with a continuum of small players and a compact action space. The players’ payoffs depend on their own actions and the mean of the transformed strategy profiles. This covers the case when the payoffs depend on...
Persistent link: https://www.econbiz.de/10005753245
In this paper, I characterize point-rationalizability in large non-anonymous games with three dierent formulations of societal responses, and also propose an implicit dynamic process that is informed by Guesnerie's eductive notions. Given the introspection and 'mentalizing' that the...
Persistent link: https://www.econbiz.de/10010563953
This paper characterizes both point-rationalizability and rationalizability in large games when societal responses are formulated as distributions or averages of individual actions. The sets of point-rationalizable and rationalizable societal responses are defined and shown to be convex, compact...
Persistent link: https://www.econbiz.de/10010758628
Persistent link: https://www.econbiz.de/10011946637