Finding one of these often necessitates finding a best-response correspondence function and analysis of one is often performed using an orientation matrix. Kakutani's fixed-point theorem is fundamental to a proof of their existence and they gave rise to an associated "Programme" and "Bargaining Solution." The concept may have originated with the Cournot duopoly problem and
Finding one of these often necessitates finding a best-response correspondence function and analysis of one is often performed using an orientation matrix. Kakutani's fixed-point theorem is fundamental to a proof of their existence and they gave rise to an associated "Programme" and "Bargaining Solution." The concept may have originated with the Cournot duopoly problem and H.W. Kuhn has studied their variants involving imperfect information. Also the subject of work done by Selten and Harsanyi, they were introduced in the 1950 paper "Non-Cooperative Games." FTP, name these situations in which no player in a game can gain an advantage by unilaterally changing his own strategy, an equilibrium named for that dude in A Beautiful Mind.
Finding one of these often necessitates finding a best-response correspondence function and analysis of one is often performed using an orientation matrix.
{Nash} equilibria