Index and stability in bimatrix games

Index and stability in bimatrix games

H. Arndt von Schemde
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The index of an equilibrium in a game gives information about the "stability" of the equilibrium, for example with respect to game dynamics. Unfortunately, index theory is often very technical. This book presents a new geometric construction that visualises the index in an intuitive way. For example, a 3×n game, for any n, can be represented by a figure in the plane, from which one can read off any equilibrium, and its index as a geometric orientation. With this insight, the index can be characterised in strategic terms alone. Moreover, certain "hyperstable" equilibrium components are seen to have nonzero index. The construction gives an elementary proof that two-player games have a Nash equilibrium, and, in an unusual direction, the powerful fixed point theorem of Brouwer.

Año:
2005
Edición:
1
Editorial:
Springer
Idioma:
english
Páginas:
157
ISBN 10:
3540291024
ISBN 13:
9783540291022
Serie:
Lecture Notes in Economics and Mathematical Systems
Archivo:
DJVU, 1.04 MB
IPFS:
CID , CID Blake2b
english, 2005
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