On the inconsistency of certain axioms on solution concepts for non- cooperative games

DOI10.1016/0022-0531(84)90168-6MaRDI QIDQ798573zbMATH OpenOpenAlexWikidataFDO

Authors Dilip Abreu, David G. Pearce

Publication date 1984

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

Full work available at URL https://doi.org/10.1016/0022-0531(84)90168-6

zbMATH Keywords

axiomatic approachinconsistencyNash equilibriumnoncooperative gamesolution conceptsubgame replacement

Mathematics Subject Classification ID

2-person games (91A05) Noncooperative games (91A10)

Review text

At a 1981 Berkeley conference, E. Kohlberg discussed a proposed set of four axioms for a solution concept for a noncooperative game. The axioms may be briefly described as (A1) dependence only on normal form, (A2) existence, (A3) consistency with respect to dominance and (A4) consistency with respect to subgame replacement. The present paper provides simple two person examples to show that (i) (A2) and (A3) are inconsistent, and (ii) (A1), (A2) and (A4) are inconsistent. The tentative conclusion is that there may be no satisfactory solution concept which exploits only normal form information.

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Cites work

• A simple model of imperfect competition where 4 are few and 6 are many
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• Dominance Solvable Voting Schemes
• scientific article; zbMATH DE number 3137856 (Why is no real title available?)
• scientific article; zbMATH DE number 3078991 (Why is no real title available?)
• Non-cooperative games
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Cited in

(10)

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• Refinements of Nash equilibrium: A critique
• Limit consistent solutions in noncooperative games
• Conditional dominance, rationalizability, and game forms
• On the difficulty of extending the coco value to games with more than two players
• Consistency, dummy and independence of irrelevant strategies for strategic games
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• A Characterization of Game-Theoretic Solutions which Lead to Impossibility Theorems
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