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 journalArticle

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 languageEnglish (US)
Pages (from-to)119-131
Number of pages13
JournalMathematical Methods of Operations Research
Volume54
Issue number1
DOIs
StatePublished - Nov 6 2001
Externally publishedYes

Keywords

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

ASJC Scopus subject areas

  • Software
  • Mathematics(all)
  • Management Science and Operations Research

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