On p-beauty contest integer games

التفاصيل البيبلوغرافية
العنوان: On p-beauty contest integer games
المؤلفون: Rafael López
سنة النشر: 2001
مصطلحات موضوعية: Correlated equilibrium, Beauty contest, multiple equilibria, iterated dominance, iterated best-reply, Leex, Normal-form game, jel:C72, Symmetric equilibrium, Outcome (game theory), symbols.namesake, Nash equilibrium, Equilibrium selection, Best response, symbols, Repeated game, Mathematical economics, Mathematics
الوصف: In this paper we provide a full characterization of the pure-strategy Nash Equilibria for the p-Beauty Contest Game when we restrict player’s choices to integer numbers. Opposed to the case of real number choices, equilibrium uniqueness may be lost depending on the value of p and the number of players: in particular, as p approaches 1 any symmetric profile constitutes a Nash Equilibrium. We also show that any experimental p-Beauty Contest Game can be associated to a game with the integer restriction and thus multiplicity of equilibria becomes an issue. Finally, we show that in these games the iterated deletion of weakly dominated strategies may not lead to a single outcome while the iterated best-reply process always does (though the outcome obtained depends on the initial conditions).
الوصول الحر: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::81ce9c991b58a23b7880b5504f744213Test
https://econ-papers.upf.edu/papers/608.pdfTest
حقوق: OPEN
رقم الانضمام: edsair.doi.dedup.....81ce9c991b58a23b7880b5504f744213
قاعدة البيانات: OpenAIRE