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SSRN Electronic Journal
Article . 2014 . Peer-reviewed
Data sources: Crossref
SSRN Electronic Journal
Article . 2000 . Peer-reviewed
Data sources: Crossref
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Non-Cooperative Games

Authors: van Damme, E.E.C.;

Non-Cooperative Games

Abstract

Non-cooperative games are mathematical models of interactive strategic decision situations.In contrast to cooperative models, they build on the assumption that all possibilities for commitment and contract have been incorporated in the rules of the game.This contribution describes the main models (games in normal form, and games in extensive form), as well as the main concepts that have been proposed to solve these games.Solution concepts predict the outcomes that might arise when the game is played by "rational" individuals, or after learning processes have converged.Most of these solution concepts are variations of the equilibrium concept that was proposed by John Nash in the 1950s, a Nash equilibrium being a combination of strategies such that no player can improve his payoff by deviating unilaterally.The paper also discusses the justifications of these concepts and concludes with remarks about the applicability of game theory in contexts where players are less than fully rational.

Country
Netherlands
Related Organizations
Keywords

game theory, noncooperative, rationality, behavioral economics, decision, perfect equilibrium, Backward induction, correlated equilibrium, incomplete information, game, rationalizability, sequential equilibrium, noncooperative games, experimental economics, stable equilibrium, Backward induction; behavioral economics; correlated equilibrium; decision; experimental economics; game; game theory; incomplete information; noncooperative,; perfect equilibrium; rationality; rationalizability; sequential equilibrium; stable equilibrium, jel: jel:C72, jel: jel:D03

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    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.
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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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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!
3
Average
Average
Average