Decision Sciences
8 years ago

New 'personalized' equilibria offer fresh approach to strategic game solutions

International Journal of Game Theory
On consistent solutions for strategic games
Fioravante Patrone, G. Pieri, S.H. Tijs, Anna Torre

Paper Summary

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The article discusses different solutions for strategic games, focusing on Nash equilibria. The researchers introduce a new type of equilibrium called "personalized" Nash equilibria, which includes all solutions characterized by consistency and converse consistency. This new type of equilibrium can be a useful alternative to traditional Nash equilibria when their existence is uncertain.