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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Journal of Optimizat...arrow_drop_down
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Journal of Optimization Theory and Applications
Article . 1994 . Peer-reviewed
License: Springer TDM
Data sources: Crossref
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
zbMATH Open
Article . 1994
Data sources: zbMATH Open
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Nash refinement of equilibria

Nash refinements of equilibria
Authors: Peters, H.; Vrieze, K.;

Nash refinement of equilibria

Abstract

The multiplicity of Nash equilibria in strategic form games restricts the predictive power of the Nash equilibrium concept. In the literature many attempts are made to reduce the set of (Nash) equilibria by keeping the more desirable equilibria (refinements) or to make a convincing unique choice out of the set of Nash equilibria (equilibrium selection). In this paper, the authors start from any refinement and make a choice out of the lotteries over the refinement equilibria, all with the same payoff vector. The method they use to find such lotteries is borrowed from Nash bargaining theory. The set of lotteries is a convex compact set. A map assigning to each strategic game a disagreement point, is introduced (a typical example is the vector of max-min-values for each for the players) and the Nash (bargaining) solution is applied. From the axioms for the Nash bargaining solution an axiomatization of the Nash refinements is deduced.

Related Organizations
Keywords

Noncooperative games, equilibrium selection, Cooperative games, refinement equilibria, Nash bargaining, multiplicity of Nash equilibria

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
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