A Characterization of Melioration in Game Theoretic Frameworks
نویسنده
چکیده
The theory of melioration, originally formulated for individual decision-making contexts, is formally extended to a game theoretic framework. This paper proves the existence of a distribution that is a melioration strategy on the part of all players. Further, the question of stability of such a distribution is studied. JEL Classification Numbers: C62; C72.
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