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The Consistency Principle for Set-Valued Solutions and a New Direction for Normative Game Theory

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Author Info
Dufwenberg, M.
Norde, H.
Reijnierse, H.
Tijs, S.

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Abstract

We extend the consistency principle for strategic games (Peleg and Tijs (1996)) to apply to solutions which assign to each game a collection of product sets of strategies. Such solutions turn out to satisfy desirable properties that solutions assigning to each game a collection of strategy profiles lack. Our findings lead us to propose a new direction for normative game theory.

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Publisher Info
Paper provided by Uppsala - Working Paper Series in its series Papers with number 1998-11.

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Length: 18 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:uppaal:1998-11

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Related research
Keywords: GAME THEORY;

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Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

Cited by:
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  1. Voorneveld, Mark, 2002. "Preparation and toolkit learning," Working Paper Series in Economics and Finance 485, Stockholm School of Economics. [Downloadable!]
  2. Voorneveld, Mark & Kets, Willemien & Norde, Henk, 2005. "An axiomatization of minimal curb sets," Working Paper Series in Economics and Finance 589, Stockholm School of Economics, revised 18 Mar 2005. [Downloadable!]
    Other versions:
  3. Werner Güth, 2002. "On the Inconsistency of Equilibrium Refinement," Theory and Decision, Springer, vol. 53(4), pages 371-392, December. [Downloadable!] (restricted)
Statistics
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This page was last updated on 2009-11-20.


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