An Analysis of Stability Sets in pure Coordination Games |
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Authors: | Elberfeld Walter Löffler Andras |
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Affiliation: | (1) Universität du Köln, Albertus-Magnus-Platz, 50923 Köln, Germany |
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Abstract: | We calculate the Lebesgue–measures of the stability sets of Nash-equilibria in pure coordination games. The results allow us to observe that the ordering induced by the Lebesgue–measure of stability sets upon strict Nash-equilibria does not necessarily agree with the ordering induced by risk–dominance. Accordingly, an equilibrium selection theory based on the Lebesgue–measure of stability sets would be necessarily different from one which uses the Nash-property as a point of orientation. |
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Keywords: | Coordination games Stability sets Risk-dominance Equilibrium selection |
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