J.B.G. Frenk () (Econometric Institute, Faculty of Economics, Erasmus University Rotterdam, and Tinbergen Institute) G. Kassay (Department of Mathematics, Babes Bolyai University, Cluj) J. Kolumbán (Department of Mathematics, Babes Bolyai University, Cluj)
Abstract
In this paper we review known minimax results with applications in game theory and show that these results are easy consequences of the first minimax result for a two person zero sum game with finite strategy sets published by von Neumann in 1928. Among these results are the well known minimax theorems of Wald, Ville and Kneser and their generalizations due to Kakutani, Ky-Fan. Konig. Neumann and Gwinner-Oettli. Actually it is shown that these results form an equivalent chain and this chain includes the strong separation result in finite dimensional spaces between two disjoint closed convex sets of which one is compact. To show these implications the authors only use simple properties of compact sets and the well-known Weierstrass Lebesgue lemma.
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