Beyond dominance and Nash: Ranking equilibria by critical mass

成果类型:
Article
署名作者:
Kalai, Adam Tauman; Kalai, Ehud
署名单位:
OpenAI; Northwestern University
刊物名称:
GAMES AND ECONOMIC BEHAVIOR
ISSN/ISSBN:
0899-8256
DOI:
10.1016/j.geb.2024.01.011
发表日期:
2024
页码:
378-394
关键词:
Nash equilibrium Dominant strategy equilibrium Faulty players Social contract
摘要:
Strategic interactions pose central issues that are not adequately explained by the traditional concepts of dominant strategy equilibrium (DSE), Nash equilibrium (NE), and their refinements. A comprehensive analysis of equilibrium concepts within the von Neumann -Nash framework of n -person optimization reveals a decreasing hierarchy of n nested concepts ranging from DSE to NE. These concepts are defined by the critical mass, the number of players needed to adopt and sustain the play of a strategy profile as an equilibrium. In games with n > 2 players, the n - 2 intermediate concepts explain strategic issues in large social systems, implementation, decentralization, as well as replication studied in economics, operations management, and political games.
来源URL: