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Titlebook: Game Theory; An Introduction with Ana Espinola-Arredondo,Felix Muñoz-Garcia Textbook 2023 The Editor(s) (if applicable) and The Author(s),

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978-3-031-37576-7The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl
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R. Pabst Prof. Dr. med.,A. Chaker Dr. med.h directly search for the strategy (or strategies) that yield the highest possible payoff to a player, strict dominance seeks to just rule out those strategies that a rational player “would never choose.”
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https://doi.org/10.1007/978-3-662-05660-8a of the game. This solution concept, known as the Nash Equilibrium after Nash (1950), builds upon the notion that every player finds the strategy that maximizes her payoff against each of her rivals’ strategies, which we refer as her “best response.
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Superantigens and Allergic Diseasehese games, we show that this solution concept would yield several equilibrium outcomes, thus not being very precise. More importantly, several NEs in this type of game are based on beliefs that cannot be credible in a dynamic setting.
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Carlos E. Baena-Cagnani,R. Maximiliano Gómezvery player privately knows her valuation for the object being sold (e.g., a painting), but does not observe other bidders’ valuations. Bids, then, are a player’s strategy, and are a function of her privately observed valuation for the object.
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Ingrid Melkild,Berit Granum,Martinus Løvik firm). More general settings, however, may allow for the sender to choose her message from a continuous action space (e.g., years of education, .) and, similarly, the receiver to respond with a continuous action (e.g., a wage .).
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Equilibrium Dominance,h directly search for the strategy (or strategies) that yield the highest possible payoff to a player, strict dominance seeks to just rule out those strategies that a rational player “would never choose.”
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Nash Equilibrium,a of the game. This solution concept, known as the Nash Equilibrium after Nash (1950), builds upon the notion that every player finds the strategy that maximizes her payoff against each of her rivals’ strategies, which we refer as her “best response.
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Auction Theory,very player privately knows her valuation for the object being sold (e.g., a painting), but does not observe other bidders’ valuations. Bids, then, are a player’s strategy, and are a function of her privately observed valuation for the object.
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