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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...
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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).
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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...
Persistent link: https://www.econbiz.de/10010744347
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...
Persistent link: https://www.econbiz.de/10011151144