The von Neumann–Morgenstern stable sets for the mixed extension of 2×2 games

C-Tier
Journal: Economics Letters
Year: 2014
Volume: 125
Issue: 1
Pages: 70-73

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper studies the von Neumann–Morgenstern (vNM) stable sets for the mixed extension of 2×2 games when only single profitable deviations are allowed. We show that games with a strict Nash equilibrium have infinite vNM stable sets, and games without a strict Nash equilibrium have just a unique vNM stable set. A characterization of the strategy profiles that belong to the vNM stable sets is provided. We also show that in games without a strict Nash equilibrium the vNM stable set always contains a Pareto optimal strategy profile.

Technical Details

RePEc Handle
repec:eee:ecolet:v:125:y:2014:i:1:p:70-73
Journal Field
General
Author Count
3
Added to Database
2026-01-25