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Epistemic Conditions for Nash Equilibrium

  • Robert J. AumannEmail author
  • Adam Brandenburger
Part of the Springer Graduate Texts in Philosophy book series (SGTP, volume 1)

Abstract

Game theoretic reasoning has been widely applied in economics in recent years. Undoubtedly, the most commonly used tool has been the strategic equilibrium of Nash (Ann Math 54:286–295, 1951), or one or another of its so-called “refinements.” Though much effort has gone into developing these refinements, relatively little attention has been paid to a more basic question: Why consider Nash equilibrium in the first place?

Keywords

Nash Equilibrium Common Knowledge Payoff Function Belief System Mixed Strategy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.Federmann Center for the Study of RationalityThe Hebrew University of JerusalemJerusalemIsrael
  2. 2.Stern School of Business, Tandon School of Engineering, NYU ShanghaiNew York UniversityNew YorkUSA

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