Readings in Formal Epistemology pp 863-894 | Cite as

# Epistemic Conditions for Nash Equilibrium

Chapter

## 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
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