The Conventionally Stable Sets in Noncooperative Games with Limited Observations: Definitions and Introductory Arguments
AbstractThis paper attempts to define a new solution concept for n-person noncooperative games. The idea of the new concept is based on that of the von Neumann-Morgenstern stable set, or more precisely, rather on their interpretation of it which they call "standards of behavior." This new approach enables us to consider new interesting problems of information. Further this approach gives us a plausible interpretation of Nash equilibrium. This paper provides the definition and considers the new solution concept for zero-sum two-person games, the prisoner's dilemma, the battle of sexes and games with a continuum of players.
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Bibliographic InfoPaper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 601.
Length: 53 pages
Date of creation: Sep 1981
Date of revision:
Publication status: Published in Mathematical Social Sciences (April 1987), 13(2): 93-128
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
Other versions of this item:
- Kaneko, Mamoru, 1987. "The conventionally stable sets in noncooperative games with limited observations I: Definitions and introductory arguments," Mathematical Social Sciences, Elsevier, vol. 13(2), pages 93-128, April.
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