The Consistency Principle for Set-valued Solutions and a New Direction for Normative Game Theory
AbstractWe 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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Bibliographic InfoPaper provided by Uppsala University, Department of Economics in its series Working Paper Series with number 1998:11.
Length: 18 pages
Date of creation: 07 May 1998
Date of revision:
Publication status: Published in Mathematical Methods of Operations Research, 2001, pages 119-131.
Contact details of provider:
Postal: Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden
Phone: + 46 18 471 25 00
Fax: + 46 18 471 14 78
Web page: http://www.nek.uu.se/
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Consistency; set-valued solutions; normative game theory;
Other versions of this item:
- Martin Dufwenberg & Henk Norde & Hans Reijnierse & Stef Tijs, 2001. "The consistency principle for set-valued solutions and a new direction for normative game theory," Computational Statistics, Springer, vol. 54(1), pages 119-131, October.
- Dufwenberg, M. & Norde, H. & Reijnierse, H. & Tijs, S., 1998. "The Consistency Principle for Set-Valued Solutions and a New Direction for Normative Game Theory," Papers 1998-11, Uppsala - Working Paper Series.
- Dufwenberg, M. & Norde, H.W. & Reijnierse, J.H. & Tijs, S.H., 2001. "The consistency principle for set-valued solutions and a new direction for normative game theory," Open Access publications from Tilburg University urn:nbn:nl:ui:12-86781, Tilburg University.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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- Voorneveld, Mark, 2002. "Preparation and toolkit learning," Working Paper Series in Economics and Finance 485, Stockholm School of Economics.
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- Voorneveld, Mark, 2004. "Preparation," Games and Economic Behavior, Elsevier, vol. 48(2), pages 403-414, August.
- Werner Güth, 2002. "On the Inconsistency of Equilibrium Refinement," Theory and Decision, Springer, vol. 53(4), pages 371-392, December.
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