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On Equilibrium in Pure Strategies in Games with Many Players

Author

Listed:
  • Edward Cartwright

    (Department of Economics, University of Warwick, UK)

  • Myrna Wooders

    (Department of Economics, University of Warwick, UK)

Abstract

Motivated by issues of imitation, learning and evolution, we introduce a framework of non-co-operative games, allowing both countable sets of pure actions and player types and player types and demonstrate that for all games with sufficiently many players, every mixed strategy Nash equilibrium can be used to construct a Nash e-equilibrium in pure strategies that is 'e-equivalent'. Our framework introduces and exploits a distinction between crowding attributes of players (their external effects on others) and their taste attributes (their payoff functions and any other attributes that are not directly relevant to other players). The set of crowding attributes is assumed to be compact; this is not required, however, for taste attributes. We stress that for studying issues such as conformity, the case of a finite set of types and actions, while illuminating, cannot yield completely satisfactory results. Our main theorems are based on a new mathematical result, in the spirit of the Shapley-Folkman Theorem but applicable to a countable (not necessarily finite dimensional) strategy space.

Suggested Citation

  • Edward Cartwright & Myrna Wooders, 2003. "On Equilibrium in Pure Strategies in Games with Many Players," Working Papers 2003.122, Fondazione Eni Enrico Mattei.
  • Handle: RePEc:fem:femwpa:2003.122
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    References listed on IDEAS

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    3. Edward Cartwright & Myrna Wooders, 2009. "On purification of equilibrium in Bayesian games and expost Nash equilibrium," International Journal of Game Theory, Springer;Game Theory Society, vol. 38(1), pages 127-136, March.
    4. Wooders, Myrna & Cartwright, Edward & Selten, Reinhard, 2006. "Behavioral conformity in games with many players," Games and Economic Behavior, Elsevier, vol. 57(2), pages 347-360, November.
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    Cited by:

    1. Edward Cartwright & Myrna Wooders, 2009. "On purification of equilibrium in Bayesian games and expost Nash equilibrium," International Journal of Game Theory, Springer;Game Theory Society, vol. 38(1), pages 127-136, March.
    2. Edward Cartwright & Myrna Wooders, 2009. "On equilibrium in pure strategies in games with many players," International Journal of Game Theory, Springer;Game Theory Society, vol. 38(1), pages 137-153, March.
    3. Edward Cartwright & Myrna Wooders, 2003. "Conformity and Bounded Rationality in Games with Many Players," Working Papers 2003.123, Fondazione Eni Enrico Mattei.
    4. Guilherme Carmona, 2004. "On the Existence of Pure Strategy Nash Equilibria in Large Games," Game Theory and Information 0412008, University Library of Munich, Germany.
    5. Carmona, Guilherme, 2004. "On the purification of Nash equilibria of large games," Economics Letters, Elsevier, vol. 85(2), pages 215-219, November.
    6. Edward Cartwright & Myrna Wooders, 2014. "Correlated Equilibrium, Conformity, and Stereotyping in Social Groups," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 16(5), pages 743-766, October.
    7. Edward Cartwright & Myrna Wooders, 2014. "Correlated Equilibrium, Conformity, and Stereotyping in Social Groups," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 16(5), pages 743-766, October.
    8. Yang, Jian, 2022. "A Bayesian nonatomic game and its applicability to finite-player situations," Journal of Mathematical Economics, Elsevier, vol. 102(C).
    9. Edward Cartwright & Myrna Wooders, 2008. "Behavioral Properties of Correlated Equilibrium; Social Group Structures with Conformity and Stereotyping," Vanderbilt University Department of Economics Working Papers 0814, Vanderbilt University Department of Economics.
    10. Gradwohl, Ronen & Reingold, Omer, 2010. "Partial exposure in large games," Games and Economic Behavior, Elsevier, vol. 68(2), pages 602-613, March.
    11. Azrieli, Yaron, 2009. "Categorizing others in a large game," Games and Economic Behavior, Elsevier, vol. 67(2), pages 351-362, November.
    12. Yaron Azrieli & Eran Shmaya, 2013. "Lipschitz Games," Mathematics of Operations Research, INFORMS, vol. 38(2), pages 350-357, May.

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    More about this item

    Keywords

    Equilibrium; Pure Strategies; Non-cooperative Games;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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