An ordinal minimax theorem

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An Ordinal Minimax Theorem

One of the earliest solution concepts considered in game theory are saddle points, combinations of actions such that no player can gain by deviating (see, e.g., von Neumann and Morgenstern, 1947). In two-player zero-sum games, every saddle point happens to coincide with the optimal outcome both players can guarantee in the worst case and thus enjoys a very strong normative foundation. Unfortuna...

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ژورنال

عنوان ژورنال: Games and Economic Behavior

سال: 2016

ISSN: 0899-8256

DOI: 10.1016/j.geb.2015.12.010