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The existence of equilibrium in games with randomly perturbed payoffs and applications to experimental economics

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

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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.

Item Type: Article
Institution: The University of York
Academic Units: The University of 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: 10.1016/S0165-4896(02)00008-2
URI: http://eprints.whiterose.ac.uk/id/eprint/6997

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