منابع مشابه
General-Sum Games: Correlated Equilibria
This lecture introduces a generalization of Nash equilibrium due to Aumann [1] known as correlated equilibrium, which allows for possible dependencies in strategic choices. A daily example of a correlated equilibrium is a traffic light: a red (green) signal suggests that cars should stop (go), and following each suggestion is of course rational. Following Aumann [2], we present two definitions ...
متن کاملBayesian Nash equilibria: a general perspective∗
Games with incomplete information were modelled by Harsanyi so as to have payoffs that are essentially estimates of random payoffs. For such estimates Harsanyi proposed to use the (conditional) expectation of the random payoffs. Here we propose a very general formulation of Bayesian games, based on an interim model, in a very precise, measure theoretical way. This general formulation not only a...
متن کاملGeneral procedures leading to correlated equilibria
Hart and Mas-Colell [2000] show that if all players play “regret-matching” strategies, i.e., they play with probabilities proportional to the regrets, then the empirical distribution of play converges to the set of correlated equilibria, and the regrets of every player converge to zero. Here we show that if only one player, say player i, plays with these probabilities, while the other players a...
متن کاملInvestigating General Equilibria in Artificial Stock Markets
We develop a new class of artificial stock market that apply general equilibrium price clearing. Our model is the first multi-asset artificial stock market to use exogenously generated dividends from a geometric vector autoregressive model and is therefore the first truly multi-asset artificial stock market. Our model does not require the concept of a risk free asset and agents are able to form...
متن کاملComputation of General Equilibria: New Developments
In this article, I review two recent developments in the theory of computation of general equilibria. First, following Brown, DeMarzo and Eaves (1996) several papers have developed globally convergent algorithms for the computation of general equilibria in models with incomplete asset markets. I review some of the developments in that area. Second, new developments in computational algebraic ge...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: British Journal of Mathematics & Computer Science
سال: 2014
ISSN: 2231-0851
DOI: 10.9734/bjmcs/2014/5967