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The equivalence of mini-max theorem and existence of Nash equilibrium in asymmetric three-players zero-sum game with two groups

Satoh, Atsuhiro and Tanaka, Yasuhito (2018): The equivalence of mini-max theorem and existence of Nash equilibrium in asymmetric three-players zero-sum game with two groups.

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Abstract

We consider the relation between Sion's minimax theorem for a continuous function and a Nash equilibrium in an asymmetric three-players zero-sum game with two groups. Two players are in Group A, and they have the same payoff function and strategy space. One player, Player C, is in Group C. Then,

1. The existence of a Nash equilibrium, which is symmetric in Group A, implies Sion's minimax theorem for pairs of a player in Group A and Player C with symmetry in Group A.

2. Sion's minimax theorem for pairs of a player in Group A and Player C with symmetry in Group A implies the existence of a Nash equilibrium which is symmetric in Group A.

Thus, they are equivalent.

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