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Author: | Groes, E. |
Title: | Nash equilibrium with lower probabilities |
Journal: | Theory and Decision
1998 : JAN, VOL. 44:1, p. 37-66 |
Index terms: | PROBABILITY THEORIES UNCERTAINTY |
Language: | eng |
Abstract: | The authors generalize the concept of Nash equilibrium in mixed strategies for strategic form games to allow for ambiguity in the players' expectations. In contrast to other contributions, the authors model ambiguity by means of so-called lower probability measures or belief functions, which makes it possible to distinguish between a player's assessment of ambiguity and his attitude towards ambiguity. The authors also generalize the concept of trembling hand perfect equilibrium. |
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