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With many semi-anonymous players, the equilibria of simultaneous-move games are "extensively robust." This means that the equilibria survive even if the simultaneous-play assumption is relaxed to allow for a large variety of extensive modifications. Such modification include sequential play with...
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This review focuses on properties related to the robustness and stability of Nash equilibria in games with a large number of players. Somewhat surprisingly, these equilibria become substantially more robust and stable as the number of players increases. We illustrate the relevant phenomena...
Persistent link: https://www.econbiz.de/10014087697