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On equilibrium in pure strategies in games with many players

Cartwright, Edward, Wooders, Myrna (2009) On equilibrium in pure strategies in games with many players. International Journal of Game Theory, 38 (1). pp. 137-153. ISSN 0020-7276. (doi:10.1007/s00182-008-0150-5) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:15477)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.
Official URL:
http://dx.doi.org/10.1007/s00182-008-0150-5

Abstract

We demonstrate that, if there are sufficiently many players, any Bayesian equilibrium of an incomplete information game can be “?-purified” . That is, close to any Bayesian equilibrium there is an approximate Bayesian equilibrium in pure strategies. Our main contribution is obtaining this result for games with a countable set of pure strategies. In order to do so we derive a mathematical result, in the spirit of the Shapley–Folkman Theorem, permitting countable strategy sets. Our main assumption is a “large game property,” dictating that the actions of relatively small subsets of players cannot have large affects on the payoffs of other players.

Item Type: Article
DOI/Identification number: 10.1007/s00182-008-0150-5
Uncontrolled keywords: Bayesian equilibrium; Purification; Large games; Semi-anonymity; Ex-post stability; Shapley-Folkman Theorem; Countable strategy space
Subjects: H Social Sciences > HB Economic Theory
Divisions: Divisions > Division of Human and Social Sciences > School of Economics
Depositing User: Edward Cartwright
Date Deposited: 26 Nov 2009 15:27 UTC
Last Modified: 16 Nov 2021 09:53 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/15477 (The current URI for this page, for reference purposes)

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