Stability and Perfection of Nash Equilibria:
The last decade has seen a steady increase in the application of concepts from noncooperative game theory to such diverse fields as economics, political science, law, operations research, biology and social psychology. As a byproduct of this increased activity, there has been a growing awareness of...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Berlin, Heidelberg
Springer Berlin Heidelberg
1987
|
| Ausgabe: | 1st ed. 1987 |
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | The last decade has seen a steady increase in the application of concepts from noncooperative game theory to such diverse fields as economics, political science, law, operations research, biology and social psychology. As a byproduct of this increased activity, there has been a growing awareness of the fact that the basic noncooperative solution concept, that of Nash equilibrium, suffers from severe drawbacks. The two main shortcomings of this concept are the following: (i) In extensive form games, a Nash strategy may prescribe off the equilibrium path behavior that is manifestly irrational. (Specifically, Nash equilibria may involve incredible threats), (ii) Nash equilibria need not be robust with respect to small perturbations in the data of the game. Confronted with the growing evidence to the detriment of the Nash concept, game theorists were prompted to search for more refined equilibrium notions with better properties and they have come up with a wide array of alternative solution concepts. This book surveys the most important refinements that have been introduced. Its objectives are fourfold (i) to illustrate desirable properties as well as drawbacks of the various equilibrium notions by means of simple specific examples, (ii) to study the relationships between the various refinements, (iii) to derive simplifying characterizations, and (iv) to discuss the plausibility of the assumptions underlying the concepts |
| Beschreibung: | 1 Online-Ressource (XVII, 318 p. 1 illus) |
| ISBN: | 9783642969782 |
| DOI: | 10.1007/978-3-642-96978-2 |
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| 100 | 1 | |a Damme, Eric van |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Stability and Perfection of Nash Equilibria |c by Eric van Damme |
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| 520 | |a The last decade has seen a steady increase in the application of concepts from noncooperative game theory to such diverse fields as economics, political science, law, operations research, biology and social psychology. As a byproduct of this increased activity, there has been a growing awareness of the fact that the basic noncooperative solution concept, that of Nash equilibrium, suffers from severe drawbacks. The two main shortcomings of this concept are the following: (i) In extensive form games, a Nash strategy may prescribe off the equilibrium path behavior that is manifestly irrational. (Specifically, Nash equilibria may involve incredible threats), (ii) Nash equilibria need not be robust with respect to small perturbations in the data of the game. Confronted with the growing evidence to the detriment of the Nash concept, game theorists were prompted to search for more refined equilibrium notions with better properties and they have come up with a wide array of alternative solution concepts. This book surveys the most important refinements that have been introduced. Its objectives are fourfold (i) to illustrate desirable properties as well as drawbacks of the various equilibrium notions by means of simple specific examples, (ii) to study the relationships between the various refinements, (iii) to derive simplifying characterizations, and (iv) to discuss the plausibility of the assumptions underlying the concepts | ||
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Datensatz im Suchindex
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| discipline | Mathematik Wirtschaftswissenschaften |
| discipline_str_mv | Mathematik Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-3-642-96978-2 |
| edition | 1st ed. 1987 |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T15:15:38Z |
| indexdate | 2024-07-10T08:56:11Z |
| institution | BVB |
| isbn | 9783642969782 |
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| publisher | Springer Berlin Heidelberg |
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| spelling | Damme, Eric van Verfasser aut Stability and Perfection of Nash Equilibria by Eric van Damme 1st ed. 1987 Berlin, Heidelberg Springer Berlin Heidelberg 1987 1 Online-Ressource (XVII, 318 p. 1 illus) txt rdacontent c rdamedia cr rdacarrier The last decade has seen a steady increase in the application of concepts from noncooperative game theory to such diverse fields as economics, political science, law, operations research, biology and social psychology. As a byproduct of this increased activity, there has been a growing awareness of the fact that the basic noncooperative solution concept, that of Nash equilibrium, suffers from severe drawbacks. The two main shortcomings of this concept are the following: (i) In extensive form games, a Nash strategy may prescribe off the equilibrium path behavior that is manifestly irrational. (Specifically, Nash equilibria may involve incredible threats), (ii) Nash equilibria need not be robust with respect to small perturbations in the data of the game. Confronted with the growing evidence to the detriment of the Nash concept, game theorists were prompted to search for more refined equilibrium notions with better properties and they have come up with a wide array of alternative solution concepts. This book surveys the most important refinements that have been introduced. Its objectives are fourfold (i) to illustrate desirable properties as well as drawbacks of the various equilibrium notions by means of simple specific examples, (ii) to study the relationships between the various refinements, (iii) to derive simplifying characterizations, and (iv) to discuss the plausibility of the assumptions underlying the concepts Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Spieltheorie (DE-588)4056243-8 gnd rswk-swf Gleichgewichtstheorie (DE-588)4071876-1 gnd rswk-swf Nash-Gleichgewicht (DE-588)4171190-7 gnd rswk-swf Nash-Gleichgewicht (DE-588)4171190-7 s Spieltheorie (DE-588)4056243-8 s DE-604 Gleichgewichtstheorie (DE-588)4071876-1 s Erscheint auch als Druck-Ausgabe 9783642969805 Erscheint auch als Druck-Ausgabe 9783540171010 Erscheint auch als Druck-Ausgabe 9783642969799 https://doi.org/10.1007/978-3-642-96978-2 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Damme, Eric van Stability and Perfection of Nash Equilibria Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Spieltheorie (DE-588)4056243-8 gnd Gleichgewichtstheorie (DE-588)4071876-1 gnd Nash-Gleichgewicht (DE-588)4171190-7 gnd |
| subject_GND | (DE-588)4056243-8 (DE-588)4071876-1 (DE-588)4171190-7 |
| title | Stability and Perfection of Nash Equilibria |
| title_auth | Stability and Perfection of Nash Equilibria |
| title_exact_search | Stability and Perfection of Nash Equilibria |
| title_exact_search_txtP | Stability and Perfection of Nash Equilibria |
| title_full | Stability and Perfection of Nash Equilibria by Eric van Damme |
| title_fullStr | Stability and Perfection of Nash Equilibria by Eric van Damme |
| title_full_unstemmed | Stability and Perfection of Nash Equilibria by Eric van Damme |
| title_short | Stability and Perfection of Nash Equilibria |
| title_sort | stability and perfection of nash equilibria |
| topic | Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Spieltheorie (DE-588)4056243-8 gnd Gleichgewichtstheorie (DE-588)4071876-1 gnd Nash-Gleichgewicht (DE-588)4171190-7 gnd |
| topic_facet | Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Spieltheorie Gleichgewichtstheorie Nash-Gleichgewicht |
| url | https://doi.org/10.1007/978-3-642-96978-2 |
| work_keys_str_mv | AT dammeericvan stabilityandperfectionofnashequilibria |