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Damme, Eric van

Stability and Perfection of Nash Equilibria

Stability and Perfection of Nash Equilibria

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Used hardcover in Good condition. This book discusses the main shortcomings of the classical solution concept from noncooperative game theory (that of Nash equilibria) and provides a comprehensive study of the more refined concepts (such as sequential, perfect, proper and stable equilibria) that have been introduced to overcome these drawbacks. The plausibility of the assumptions underlying each such concept are discussed, desirable properties as well as deficiencies are illustrated, characterizations are derived and the relationships between the various concepts are studied. The first six chapters provide an informal discussion with many examples as well as a comprehensive overview for normal form games. The remaining chapters are devoted to specific applications, illustrating the strength (resp. weakness) of the various concepts.
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Title: Stability and Perfection of Nash Equilibria

Author: Damme, Eric van
Publisher: Springer
Publication Year: 1987
Binding: hardcover
ISBN: 3540171010
EAN: 9783540171010
First Edition: No
Condition: Good
Cover Note: Photo is for illustrative purposes only - actual cover art may vary.