Zauner, K.G. (2002) The existence of equilibrium in games with randomly perturbed payoffs and applications to experimental economics. Mathematical Social Sciences, 44 (1). pp. 115-120. ISSN 0165-4896
Abstract
I present an equilibrium existence result for games with perturbed payoffs by extending Milgrom and Weber’s [Mathematics and Operations Research 10 (1985) 619] proof of existence of equilibrium in incomplete information games to integrable utility functions and show that their assumption of ‘Equicontinuous Payoffs’ is redundant. I apply this result to games with randomly, for example, normally, logistically, or double exponentially perturbed payoffs studied in experimental economics.
Metadata
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| Dates: |
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| Institution: | The University of York |
| Academic Units: | The University of York > Faculty of Social Sciences (York) > Economics and Related Studies (York) |
| Depositing User: | York RAE Import |
| Date Deposited: | 27 Mar 2009 09:26 |
| Last Modified: | 27 Mar 2009 09:26 |
| Published Version: | http://dx.doi.org/10.1016/S0165-4896(02)00008-2 |
| Status: | Published |
| Publisher: | Elsevier Science B.V. |
| Identification Number: | https://doi.org/10.1016/S0165-4896(02)00008-2 |
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