THE UNPROFITABILITY OF MIXED-STRATEGY EQUILIBRIA IN 2 PERSON GAMES - A 2ND FOLK-THEOREM

被引:18
作者
HOLLER, MJ
机构
[1] Aarhus University
关键词
D O I
10.1016/0165-1765(90)90022-S
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, it is demonstrated that the payoffs of mixed-strategy equilibria are equal to the maximin values for all (2X2) matrix games if maximim implies completely mixed strategies. This characterizes a subclass of unprofitable games. Maximin, instead of Nash equilibrium, has been suggested as an appropriate solution concept for these games. © 1990.
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页码:319 / 323
页数:5
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