On a private information game without pure strategy equilibria (Q1300419): Difference between revisions

This paper presents an example of a two-person game of private information in which there is no equilibrium in pure strategies. The example satisfies all the hypotheses of the existence theorems present in the literature on the subject of pure strategy equillbria, except for the fact that the action set of each player is given by the interval \([-1,1]\). As such, it illustrates the limitations that pertain to the purification of equilibria in a standard setting.