A bounded-rationality approach to the study of noncooperative games
| ISSN: |
1432-1270
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| Source: |
Springer Online Journal Archives 1860-2000
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| Topics: |
Mathematics
Economics
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| Notes: |
Abstract A family of solutions for finite noncooperative games is introduced in which players are not confined to use best responses exclusively. Instead, the definition requires that the probability of use of a strategy must be a monotone-nondecreasing function of its expected payoff. For the two-person case, some results characterizing behavior at such solutions are given and some examples are examined.
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| Type of Medium: |
Electronic Resource
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| URL: |