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A minimally altruistic refinement of Nash equilibrium

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  • Karagözoğlu, Emin
  • Keskin, Kerim
  • Sağlam, Çağrı

Abstract

We introduce a minimal notion of altruism and use it to refine Nash equilibria in normal form games. We provide three independent existence proofs, relate minimally altruistic Nash equilibrium to other equilibrium concepts, conduct an in-depth sensitivity analysis, and provide examples where minimally altruistic Nash equilibrium leads to improved predictions.

Suggested Citation

  • Karagözoğlu, Emin & Keskin, Kerim & Sağlam, Çağrı, 2013. "A minimally altruistic refinement of Nash equilibrium," Mathematical Social Sciences, Elsevier, vol. 66(3), pages 422-430.
  • Handle: RePEc:eee:matsoc:v:66:y:2013:i:3:p:422-430
    DOI: 10.1016/j.mathsocsci.2013.10.003
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    Cited by:

    1. Takashi Kamihigashi & Kerim Keskin & Çağrı Sağlam, 2017. "Organizational Refinements of Nash Equilibrium," Discussion Paper Series DP2017-25, Research Institute for Economics & Business Administration, Kobe University.

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