Arbeitspapier
A Discussion of Maximin
This paper builds on one of the results of Pruzhansky [22], namely that maximin strategies guarantee the same expected payoffs as mixed Nash equilibrium strategies in bimatrix games. We present a discussion on the applicability of maximin strategies in such class of games. The usefulness of maximin is illustrated from both positive and normative viewpoints. Examples are provided.
- Language
-
Englisch
- Bibliographic citation
-
Series: Tinbergen Institute Discussion Paper ; No. 04-028/1
- Classification
-
Wirtschaft
Noncooperative Games
- Subject
-
Bounded rationality
common knowledge of rationality
correlated equilibria
rationalizability
uncertainty aversion
Spieltheorie
- Event
-
Geistige Schöpfung
- (who)
-
Pruzhansky, Vitaly
- Event
-
Veröffentlichung
- (who)
-
Tinbergen Institute
- (where)
-
Amsterdam and Rotterdam
- (when)
-
2004
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Pruzhansky, Vitaly
- Tinbergen Institute
Time of origin
- 2004
Other Objects (12)
Maximin Play in Two-Person Bimatrix Games
Discussion of Principal Volatility Component Analysis by Yu-Pin Hu and Ruey Tsay
Mailing Issues on Climate Change Policies - A Discussion of the GTAP-E Model
Elements of the Theory of Extrema
The Effect of Skill Level on the Timing of Childbearing and Number of Children
On the Decay of Infinite Products of Trigonometric Polynomials
Behaviour of Humans and Behaviour of Models in Dynamic Space
The Impact of Lobbying on the Allocation of Political Authority
The Impact of Wealth on Job Exit Rates of Elderly Workers
A meta-analysis of the total economic impact of climate change
Asymmetric Price Responses of Gasoline Stations: Evidence for Heterogeneity of Retailers
The Breakdown of Morale
Maximin Play in Two-Person Bimatrix Games
Discussion of Principal Volatility Component Analysis by Yu-Pin Hu and Ruey Tsay
Mailing Issues on Climate Change Policies - A Discussion of the GTAP-E Model
Elements of the Theory of Extrema
The Effect of Skill Level on the Timing of Childbearing and Number of Children
On the Decay of Infinite Products of Trigonometric Polynomials
Behaviour of Humans and Behaviour of Models in Dynamic Space
The Impact of Lobbying on the Allocation of Political Authority
The Impact of Wealth on Job Exit Rates of Elderly Workers
A meta-analysis of the total economic impact of climate change
Asymmetric Price Responses of Gasoline Stations: Evidence for Heterogeneity of Retailers
The Breakdown of Morale
Maximin Play in Two-Person Bimatrix Games
Discussion of Principal Volatility Component Analysis by Yu-Pin Hu and Ruey Tsay
Mailing Issues on Climate Change Policies - A Discussion of the GTAP-E Model
Elements of the Theory of Extrema
The Effect of Skill Level on the Timing of Childbearing and Number of Children
On the Decay of Infinite Products of Trigonometric Polynomials
Behaviour of Humans and Behaviour of Models in Dynamic Space
The Impact of Lobbying on the Allocation of Political Authority
The Impact of Wealth on Job Exit Rates of Elderly Workers
A meta-analysis of the total economic impact of climate change
Asymmetric Price Responses of Gasoline Stations: Evidence for Heterogeneity of Retailers