Existence and stability of minimax regret equilibria
In this paper, we study minimax regret equilibria. First, existence theorem of minimax regret equilibria is proved. Further, the generic stability of minimax regret equilibria is studied. We show that the set of minimax regret equilibria for most of problems (in sense of Baire category) is a singleton set. Copyright Springer Science+Business Media, LLC. 2012
Volume (Year): 54 (2012)
Issue (Month): 1 (September)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/business/operations+research/journal/10898|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Stoye, Jörg, 2011. "Axioms for minimax regret choice correspondences," Journal of Economic Theory, Elsevier, vol. 146(6), pages 2226-2251.
- Michael R. Baye & John Morgan, 2004.
"Price Dispersion in the Lab and on the Internet: Theory and Evidence,"
RAND Journal of Economics,
The RAND Corporation, vol. 35(3), pages 448-466, Autumn.
- Michael R. Baye & John Morgan, 2004. "Price Dispersion in the Lab and on the Internet: Theory and Evidence," Working Papers 2004-02, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Hayashi, Takashi, 2008. "Regret aversion and opportunity dependence," Journal of Economic Theory, Elsevier, vol. 139(1), pages 242-268, March.
- Yu, Jian, 1999. "Essential equilibria of n-person noncooperative games," Journal of Mathematical Economics, Elsevier, vol. 31(3), pages 361-372, April.
- Jörg Stoye, 2011. "Statistical decisions under ambiguity," Theory and Decision, Springer, vol. 70(2), pages 129-148, February. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:spr:jglopt:v:54:y:2012:i:1:p:17-26. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.