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The Nash equilibrium in the policy mix model for Czechia, Hungary, and Romania

Stawska, Joanna; Malaczewski, Maciej; Malaczewska, Paulina - In: Cogent economics & finance 9 (2021) 1, pp. 1-14

The aim of the paper is to compare the sensitivity of a government's fiscal policy and a central bank's monetary policy, which are in Nash equilibrium in the case of a non-cooperative game between the government and the central bank in Czechia, Hungary, and Romania. The analysis for each country...

Persistent link: https://www.econbiz.de/10013183737

Behavior in strategic settings : evidence from a million rock-paper-scissors games

Batzilis, Dimitris; Jaffe, Sonia; Levitt, Steven D.; … - In: Games 10 (2019) 2/18, pp. 1-34

We make use of data from a Facebook application where hundreds of thousands of people played a simultaneous move, zero-sum game-rock-paper-scissors-with varying information to analyze whether play in strategic settings is consistent with extant theories. We report three main insights. First, we...

Persistent link: https://www.econbiz.de/10012061949

On the existence of approximate equilibria and sharing rule solutions in discontinuous games

Bich, Philippe; Laraki, Rida - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 1, pp. 79-108

This paper studies the existence of equilibrium solution concepts in a large class of economic models with discontinuous payoff functions. The issue is well understood for Nash equilibria, thanks to Reny’s better-reply security con- dition ( Reny 1999) and its recent improvements (Barelli and...

Persistent link: https://www.econbiz.de/10011704653

The optimal strategy in the minimum effort game

Cartwright, Edward - In: Games 9 (2018) 3/42, pp. 1-19

A simple expression is derived for the optimal strategy in the minimum effort game. This maps from player beliefs to an optimal effort level. From this expression the set of Nash equilibria in the game is fully characterized. All Nash equilibria are symmetric and involve at most two actions...

Persistent link: https://www.econbiz.de/10011891195

Strict pure strategy Nash equilibria in large finite‐player games

Carmona, Guilherme; Podczeck, Konrad - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 3, pp. 1055-1093

In the context of anonymous games (i.e., games where the payoff of a player is, apart from his/her own action, determined by the distribution of the actions made by the other players), we present a model in which, generically (in a precise sense), finite‐player games have strict pure strategy...

Persistent link: https://www.econbiz.de/10012806369

Bergemann, Dirk; Morris, Stephen - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 2, pp. 487-522

A game of incomplete information can be decomposed into a basic game and an information structure. The basic game defines the set of actions, the set of payoff states the payoff functions and the common prior over the payoff states. The information structure refers to the signals that the...

Persistent link: https://www.econbiz.de/10011672033

Strategic uncertainty and the ex-post Nash property in large games

Khan, Ali; Rath, Kali P.; Sun, Yeneng; Yu, Haomiao - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 1, pp. 103-129

This paper elucidates the conceptual role that independent randomization plays in non-cooperative game theory. In the …

Persistent link: https://www.econbiz.de/10011674009

Chapter 44 Non-zero-sum two-person games

Raghavan, T.E.S. - In: Handbook of game theory with economic applications : …, (pp. 1687-1721). 2002

This chapter is devoted to the study of Nash equilibria, and correlated equilibria in both finite and infinite games. We restrict our discussions to only those properties that are somewhat special to the case of two-person games. Many of these properties fail to extend even to three-person...

Persistent link: https://www.econbiz.de/10014024501

Chapter 42 Foundations of strategic equilibrium

Hillas, John; Kohlberg, Elon - In: Handbook of game theory with economic applications : …, (pp. 1597-1663). 2002

This chapter examines the conceptual foundations of the concept of strategic equilibrium and its various variants and refinements. The emphasis is very much on the underlying ideas rather than on any technical details.After an examination of some pre-equilibrium ideas, in particular the concept...

Persistent link: https://www.econbiz.de/10014024503

Chapter 41 Strategic equilibrium

Van Damme, Eric - In: Handbook of game theory with economic applications : …, (pp. 1521-1596). 2002

This chapter of the Handbook of Game Theory (Vol. 3) provides an overview of the theory of Nash equilibrium and its …-enforcing theory of rational behavior in non-cooperative games. Given the assumption of independent behavior of the players, it follows … that a self-enforcing theory has to prescribe a Nash equilibrium, i.e., a strategy profile such that no player can gain by …

Persistent link: https://www.econbiz.de/10014024504

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