Changes in risk and strategic interaction (Q2258850): Difference between revisions
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Changes in risk and strategic interaction |
scientific article |
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Changes in risk and strategic interaction (English)
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27 February 2015
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The paper gives a characterization of comparative statics of risk changes in a large class of noncooperative games. Symmetric and asymmetric equilibria, in which risk changes are idiosyncratic and not necessary of the same stochastic order, are considered. Furthermore, certain conditions for risk changes to produce multiplier effects on equilibrium strategies are provided. Finally, the comparative statics of stochastic dominance shifts in supermodular games are studied.
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stochastic dominance
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\(n\)th degree risk
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strategic behavior
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aggregative games
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