Publicação
Three Notes on Symmetric Games with Asymmetric Equilibria
| Resumo: | It is often the case in symmetric games in normal form that the only existing pure-strategy equilibria are asymmetric. If there is an asymmetric equilibrium for a model with N 'equal" players, then there are multiple equilibria, only differing on the "name" of the players 'assigned" to each one of the actions which together form an equilibrium. A natural question to ask Is, then, how to select among these equilibria. In this note, we show that in symmetric games with a large number of players, an asymmetric pure-strategy equilibrium can be thought of as the approximate outcome of the play of a specific symmetric mixed-strategy equilibrium. |
|---|---|
| Autores principais: | Cabral, Luís M. B. |
| Ano: | 1987 |
| País: | Portugal |
| Tipo de documento: | working paper |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | It is often the case in symmetric games in normal form that the only existing pure-strategy equilibria are asymmetric. If there is an asymmetric equilibrium for a model with N 'equal" players, then there are multiple equilibria, only differing on the "name" of the players 'assigned" to each one of the actions which together form an equilibrium. A natural question to ask Is, then, how to select among these equilibria. In this note, we show that in symmetric games with a large number of players, an asymmetric pure-strategy equilibrium can be thought of as the approximate outcome of the play of a specific symmetric mixed-strategy equilibrium. |
|---|