Risk Dominance - Notes

Notes

  • ^1 A single Nash equilibrium is trivially payoff and risk dominant if it is the only NE in the game.
  • ^2 Similar distinctions between strict and weak exist for most definitions here, but are not denoted explicitly unless necessary.
  • ^3 Harsanyi and Selten (1988) propose that the payoff dominant equilibrium is the rational choice in the stag hunt game, however Harsanyi (1995) retracted this conclusion to take risk dominance as the relevant selection criterion.

Read more about this topic:  Risk Dominance

Famous quotes containing the word notes:

    In trying to understand the appeal of best-sellers, it is well to remember that whistles can be made sounding certain notes which are clearly audible to dogs and other of the lower animals, though man is incapable of hearing them.
    Rebecca West (1892–1983)

    Or bid the soul of Orpheus sing
    Such notes as, warbled to the string,
    Drew iron tears down Pluto’s cheek,
    And made Hell grant what love did seek;
    John Milton (1608–1674)

    My notes have a curious tendency, as I realize at last, to annihilate all they purport to record.
    Samuel Beckett (1906–1989)