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The Nash Equilibrium requires strong cooperation

Author

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  • Rosinger, Elemer Elad

Abstract

Contrary to the customary view that the celebrated Nash-equilibrium theorem in Game Theory is paradigmatic for non-cooperative games, it is shown that, in fact, it is essentially based on a particularly strong cooperation assumption. Furthermore, in practice, this cooperation assumption is simply unrealistic.

Suggested Citation

  • Rosinger, Elemer Elad, 2005. "The Nash Equilibrium requires strong cooperation," MPRA Paper 27970, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:27970
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    File URL: https://mpra.ub.uni-muenchen.de/27970/1/MPRA_paper_27970.pdf
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    More about this item

    Keywords

    non-cooperation; strong cooperation; mixup in the Nash equilibrium;
    All these keywords.

    JEL classification:

    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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