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Risk dominance and payoff dominance are two related refinements of the Nash equilibrium (NE) solution concept in game theory, defined by John Harsanyi...

strictly dominant strategy, the game has only one unique Nash equilibrium, referred to as a "dominant strategy equilibrium". However, that Nash equilibrium is...

In game theory, the Nash equilibrium is the most commonly-used solution concept for non-cooperative games. A Nash equilibrium is a situation where no player...

categories: A Nash equilibrium is considered risk dominant if it has the largest basin of attraction (i.e. is less risky). A Nash equilibrium is considered...

incentive-compatibility (BNIC).: 416  It means there is a Bayesian Nash equilibrium in which all participants reveal their true preferences. In other words...

a risk dominant Nash equilibrium are called assurance games. For instance if a=10, b=5, c=0, and d=2. While (Hare, Hare) remains a Nash equilibrium, it...

Bayesian equilibrium: When the type is "criminal", the dominant strategy for the suspect is to shoot, and when the type is "civilian", the dominant strategy...

opponent is a risk-taking "hawk" type or a pacifistic "dove" type. Perfect Bayesian Equilibria are a refinement of Bayesian Nash equilibrium (BNE), which...

will be straight at equilibrium (see discussion below on domination). For any particular investment type, the line drawn from the risk-free rate on the vertical...

payoff matrix: This game results in a clear dominant strategy of betrayal where the only strong Nash Equilibrium is for both prisoners to confess. This is...

airport problem from the airport game theory. Nash equilibrium, also known as non-cooperative game equilibrium, is an essential term in game theory described...

quantitative measure of the strength of an acid in solution. It is the equilibrium constant for a chemical reaction HA ↽ − − ⇀ A − + H + {\displaystyle...

Nash equilibrium Pareto efficiency Perfect Bayesian equilibrium Proper equilibrium Quantal response equilibrium Quasi-perfect equilibrium Risk dominance...

equilibrium refers to a state where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium)...

more in response to the tidal force, particularly horizontally (see equilibrium tide). As the Earth rotates, the magnitude and direction of the tidal...

Nash equilibrium Pareto efficiency Perfect Bayesian equilibrium Proper equilibrium Quantal response equilibrium Quasi-perfect equilibrium Risk dominance...

cooperation, so it is a strictly dominant strategy for both players. Mutual defection is the only strong Nash equilibrium in the game. Since the collectively...

principle – Risk management strategy Quantum refereed game Risk management – Identification, evaluation and control of risks Self-confirming equilibrium Tragedy...

Nash equilibrium Pareto efficiency Perfect Bayesian equilibrium Proper equilibrium Quantal response equilibrium Quasi-perfect equilibrium Risk dominance...

Zeckhauser, R. (1988). "Status quo bias in decision making". Journal of Risk and Uncertainty. 1: 7–59. CiteSeerX 10.1.1.632.3193. doi:10.1007/bf00055564...