Mixed-strategy Nash equilibrium for a discontinuous symmetric N-player game

DOI10.1088/1751-8121/AAA883zbMATH Open1410.91013arXiv1710.09462OpenAlexW3103134437MaRDI QIDQ5374101FDOQ5374101

Authors: C. Appert-Rolland, H. J. Hilhorst 

Publication date: 6 April 2018

Published in: Journal of Physics A: Mathematical and Theoretical (Search for Journal in Brave)

Abstract: We consider a game in which each player must find a compromise between more daring strategies that carry a high risk for him to be eliminated, and more cautious ones that, however, reduce his final score. For two symmetric players this game was originally formulated in 1961 by Dresher, who modeled a duel between two opponents. The game has also been of interest in the description of athletic competitions. We extend here the two-player game to an arbitrary number $N$ of symmetric players. We show that there is a mixed-strategy Nash equilibrium and find its exact analytic expression, which we analyze in particular in the limit of large $N$, where mean-field behavior occurs. The original game with $N=2$ arises as a singular limit of the general case.

Full work available at URL: https://arxiv.org/abs/1710.09462

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zbMATH Keywords

Nash equilibriumexact solutionmultiplayer discontinuous game

Mathematics Subject Classification ID

Noncooperative games (91A10) (n)-person games, (n>2) (91A06) Multistage and repeated games (91A20)

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Cited In (6)

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• Nash Equilibrium Payoffs in Mixed Strategies
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