Existence and dynamic consistency of Nash equilibrium with non-expected utility preferences

DOI10.1016/0022-0531(91)90039-7zbMath0749.90091OpenAlexW2040582439WikidataQ57925863 ScholiaQ57925863MaRDI QIDQ1181664

Eddie Dekel, Zvi Safra, Uzi Segal

Publication date: 27 June 1992

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(91)90039-7

zbMATH Keywords

reduction of compound lotteriesexistence of a Nash equilibrium

Mathematics Subject Classification ID

2-person games (91A05) Utility theory (91B16) Individual preferences (91B08)

Related Items (27)

The complexity of equilibria for risk-modeling valuations ⋮ Unbounded behaviorally consistent stopping rules ⋮ Dynamic consistency, consequentialism and reduction of compound lotteries ⋮ On loss aversion in bimatrix games ⋮ Preference, rationalizability and equilibrium ⋮ Nash equilibria for non-binary choice rules ⋮ On games under expected utility with rank dependent probabilities ⋮ Games with second-order expected utility ⋮ Coalitional strategic games ⋮ $$\mathcal {NP}$$-Hardness of Equilibria in Case of Risk-Averse Players ⋮ A contextual range-dependent model for choice under risk ⋮ Evolutionary stability of prospect theory preferences ⋮ Uncertainty aversion and equilibrium existence in games with incomplete information ⋮ Order indifference and rank-dependent probabilities ⋮ The complexity of \((\mathsf{E}+\mathsf{Var})\)-equilibria, \(\mathsf{ESR}\)-equilibria, and \(\mathsf{SuperE}\)-equilibria for 2-players games with few cost values ⋮ ``Third down with a yard to go: Recursive expected utility and the Dixit--Skeath conundrum ⋮ Strategic games with security and potential level players ⋮ Equilibrium Notions for Agents with Cumulative Prospect Theory Preferences ⋮ Solution concepts for games with ambiguous payoffs ⋮ \(\mu\)-\(\sigma\) games ⋮ A generalization of quantal response equilibrium via perturbed utility ⋮ On the convexity of preferences in decisions and games under (quasi-)convex/concave imprecise probability correspondences ⋮ Fairness and utilitarianism without independence ⋮ Is ambiguity aversion bad for innovation? ⋮ Ambiguous games ⋮ An extension of a theorem of von Neumann and Morgenstern with an application to social choice theory ⋮ A remark on bargaining and non-expected utility

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