The consistency principle for set-valued solutions and a new direction for normative game theory

Martin Dufwenberg; Henk Norde; Hans Reijnierse; Stef Tijs

doi:10.1007/s001860100154

The consistency principle for set-valued solutions and a new direction for normative game theory

Martin Dufwenberg, Henk Norde, Hans Reijnierse, Stef Tijs

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

We extend the consistency principle for strategic games (Peleg and Tijs (1996)) to apply to solutions which assign to each game a collection of product sets of strategies. Such solutions turn out to satisfy desirable properties that solutions assigning to each game a collection of strategy profiles lack. Our findings lead us to propose a new direction for normative game theory.

Original language	English (US)
Pages (from-to)	119-131
Number of pages	13
Journal	Mathematical Methods of Operations Research
Volume	54
Issue number	1
DOIs	https://doi.org/10.1007/s001860100154
State	Published - 2001
Externally published	Yes

Keywords

Consistency
Normative game theory
Self- enforcing recommendation
Set-valued solution

ASJC Scopus subject areas

Software
General Mathematics
Management Science and Operations Research

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10.1007/s001860100154

Cite this

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AB - We extend the consistency principle for strategic games (Peleg and Tijs (1996)) to apply to solutions which assign to each game a collection of product sets of strategies. Such solutions turn out to satisfy desirable properties that solutions assigning to each game a collection of strategy profiles lack. Our findings lead us to propose a new direction for normative game theory.

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KW - Normative game theory

KW - Self- enforcing recommendation

KW - Set-valued solution

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The consistency principle for set-valued solutions and a new direction for normative game theory

Abstract

Keywords

ASJC Scopus subject areas

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