The Nash Equilibrium requires strong cooperation

Rosinger, Elemer Elad (2005): The Nash Equilibrium requires strong cooperation.

Abstract

Contrary to the customary view that the celebrated Nash-equilibrium theorem in Game Theory is paradigmatic for non-cooperative games, it is shown that, in fact, it is essentially based on a particularly strong cooperation assumption. Furthermore, in practice, this cooperation assumption is simply unrealistic.

• Item Type: MPRA Paper
• Language: English
• Keywords: non-cooperation, strong cooperation, mixup in the Nash equilibrium
• Subjects: D - Microeconomics > D5 - General Equilibrium and Disequilibrium; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C71 - Cooperative Games; A - General Economics and Teaching > A1 - General Economics > A12 - Relation of Economics to Other Disciplines; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62 - Existence and Stability Conditions of Equilibrium; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games

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