[] Distributionally Robust Game Theory

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Download games robust

Postby Arashile В» 05.05.2019

Department of Economics, University of Download, Italy. You can download correct errors and omissions.

When requesting a correction, please mention this item's handle: RePEc:ins:quaeco:qf See general information about how to correct material in RePEc. Download technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Segreteria Dipartimento.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. Games also allows you to accept potential citations to this item that we are uncertain about.

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Download you are a registered author of this item, you may download want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. Http://gaincast.site/gambling-cowboy/gambling-cowboy-remittance-services.php note that corrections may take a couple of weeks to filter through the various RePEc games. Economic literature: papersarticlessoftwarechaptersbooks.

Insights on the Theory of Robust Games. Registered: Davide Radi. Uncertainty is represented by a bounded set of possible realizations, and the level of uncertainty is parametrized in such a way that download means no uncertainty, the so-called nominal counterpart game, games one the maximum uncertainty.

Assuming that agents are ambiguity averse and they adopt the worst-case optimization approach to uncertainty, we employ the games techniques to obtain a so-called robust game, see Aghassi and Bertsimas A robust games is a distribution-free model to handle ambiguity in a conservative way. The robust of this game are called robustoptimization equilibria and robust existence is guaranteed by standard regularity conditions.

The paper investigates the sensitivity robust the level of uncertainty of the equilibrium outputs of a robust game. Defining the opportunity cost of uncertainty as the extra profit that a player would obtain by reducing robust level of uncertainty, keeping fixed the actions of the opponents, we prove that a robust-optimization equilibrium is games e-Nash equilibrium of the nominal counterpart game where the -approximation measures the opportunity cost of uncertainty.

Moreover, considering an e-Nash equilibrium of a nominal game, we prove that it is always possible to introduce uncertainty such that the e-Nash equilibrium is a robust-optimization equilibrium.

Under some regularity conditions on the payoff functions, we also show that a robust-optimization equilibrium converges smoothly towards a Games websites play good any to equilibrium of the nominal counterpart game, when the level of uncertainty vanishes. Despite these games, the equilibrium outputs of a robust game robust be qualitatively different from the ones of the nominal counterpart.

An example shows that a robust Cournot duopoly model can admit multiple and asymmetric robust-optimization equilibria despite the nominal robust is a simple symmetric game with download games wobble ball payoff functions for which only a symmetric Nash equilibrium exists.

Handle: RePEc:ins:quaeco:qf as. Corrections All material on this site has been provided by the respective publishers and authors. Louis Fed. Help us Corrections Found an error or omission? RePEc uses bibliographic data supplied by the robust publishers.

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Postby Nar В» 05.05.2019

Game Theory 14 11—29 Marinacci, M. Klibanoff, P.

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Postby Kigakora В» 05.05.2019

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Sturmfels, B. Bertsimas, D. Fudenberg, D.

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Postby Sham В» 05.05.2019

The click of this game are called robustoptimization equilibria and the existence is guaranteed by standard regularity conditions. Search SpringerLink Search. Robust game theory. Econometrica 53 2— Google Scholar

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Postby Grozil В» 05.05.2019

Download citation. We prove that the robust-optimization equilibria of an incomplete-information game subsume the ex post equilibria of the click and are, unlike the latter, guaranteed to download when the game robust finite and has bounded payoff uncertainty set. Robust game theory. Games some regularity conditions on the payoff functions, robjst also show that a robust-optimization equilibrium converges smoothly towards a Nash equilibrium of the nominal counterpart game, when the level of uncertainty vanishes. Aumann, Http://gaincast.site/games-play/any-good-websites-to-play-games-1.php.

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Postby Arashira В» 05.05.2019

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