Subjective games and equilibria

B-Tier
Journal: Games and Economic Behavior
Year: 1995
Volume: 8
Issue: 1
Pages: 123-163

Authors (2)

Kalai, Ehud (Northwestern University) Lehrer, Ehud (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

Applying the concepts of Nash, Bayesian, and correlated equilibria to the analysis of strategic interaction requires that players possess objective knowledge of the game and opponents' strategies. Such knowledge is often not available. The proposed notions of subjective games and of subjective Nash and correlated equilibria replace essential but unavailable objective knowledge by subjective assessments. When playing a subjective game repeatedly, subjective optimizers converge to a subjective equilibrium. We apply this approach to some well known examples including single- and multi-person, multi-arm bandit games and repeated Cournot oligopoly games. Journal of Economic Literature Classification Numbers: C73 and C83.

Technical Details

RePEc Handle
repec:eee:gamebe:v:8:y:1995:i:1:p:123-163
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25