equilibrium refinement, Game Theory

 

An equilibrium refinement provides how of choosing one or many equilibria from among several in a very game. several games might contain many Nash equilibria, and therefore supply no clear prediction concerning the seemingly outcome. every refinement tries to outline some equilibria as "more seemingly," "more rational" or "more robust" to deviations by players than others. for instance, if one equilibrium Pareto dominates another (results in all players earning a lot of ), then it should be viewed as a lot of seemingly to be chosen by the players.

 

Posted Date: 7/21/2012 5:03:33 AM | Location : United States







Related Discussions:- equilibrium refinement, Assignment Help, Ask Question on equilibrium refinement, Get Answer, Expert's Help, equilibrium refinement Discussions

Write discussion on equilibrium refinement
Your posts are moderated
Related Questions
Ronaldo (Brazil) kicks a penalty against Casillas (Spain) in the 2006 World Cup nal. Sup- pose that Ronaldo can kick the ball to Casillas' upper left (UL), lower left (LL), upper r

Two individuals (i ∈ {1, 2}) work independently on a joint project. They each independently decide how much e ort ei they put. E ort choice has to be any real number between 0 and

1. (a) True or False: If a 2x2 game has a unique pure strategy Nash Equilibrium, then both players always have dominant strategies. (b) Draw a table representing the Prisoner.s Dil

A static game is one during which all players build choices (or choose a strategy) simultaneously, while not information of the methods that are being chosen by different players.

A common term for an English auction, a sort of sequential auction during which an auctioneer directs participants to beat the present, standing bid. New bids should increase the p

What are the important forms of product differentiation? There are three significant forms of product differentiation, which are: 1. Differentiation through style or type –

what are the theories of financial crisis

Identification is closely related to the estimation of the model. If an equation is identified, its coefficient can, in general, be statistically estimated. In particula

a) Show that A counting proof could be fun(?). But any old proof will do. (Note that the coefficients (1,2,1) in the above are just the elements of the second row of Pas

GAME 1 Claim a Pile of Dimes Two players Aand B are chosen. The instructor places a dime on the table. Player A can say Stop or Pass. If Stop, then A gets the dime and the gam