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Game theory is a study of situations of strategic interaction between two or more players in which there is a predefined set of rules and an outcome associated with each choice taken.
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answer
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Best response to convex combination of strategies
Suppose that several pure strategies in a 2-individual game have pure strategy best responses. Can we say that best responses to convex combination of those pure strategies still lie in the convex hul …
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1
answer
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What is 2nd round of rationalizability for a 1st price auction?
Consider a first-price auction.
Suppose that we have $N$ bidders, and they believe that their opponents' values is drawn from a uniform distribution on interval $[0,1]$.
Let us eliminate weakly domina …
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vote
1
answer
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Alternating offer bargaining game
In an infinite-period alternating offer bargaining game if we suppose the discount factor is $\delta=1/2$, and the increment is $0.01$, what will be the subgame perfect Nash Equilibria?
It seems that …