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an equilibrium refinement provides how of choosing one or many equilibria from among several in a very game. several games might contain many
an equilibrium or nash equilibrium named when john nash may be a set of methods one for every player such that no player has incentive to
a type of sequential second worth auction during which an auctioneer directs participants to beat the present standing bid. new bids should
borel was maybe the primary to outline the notion of games of strategy. he printed many papers on poker incorporating themes of imperfect data
living from 1845 to 1926 edgeworths contributions to economics still influence trendy game theorists. his mathematical psychics printed in 1881
a type of initial worth auction during which a clock initially indicates a worth for the item for sale substantially beyond any bidder is
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a strategy is dominated if no matter what the other players do the strategy earns a player a smaller payoff than another strategy. hence a method is
a strategy is weakly dominant if no matter what the other players do the strategy earns a player a payoff a minimum of as high as the other
a multiunit auction that during which within which each winning bidder pays a unique worth which depends on the particular bid placed by
descriptionthe simplest of william poundstones social dilemmas during which the every player contains a dominant strategy and also the equilibrium is
eighteenth century dutch mathematician codified the notion of expected utility as a revolutionary approach to risk. he noted that folks dont maximize