Index and Stability in Bimatrix Games: A Geometric-Combinatorial Approach (Lecture Notes in Economics and Mathematical Systems)

By admin • May 22nd, 2009 • Category: Economics

Index and Stability in Bimatrix Games: A Geometric-Combinatorial Approach (Lecture Notes in Economics and Mathematical Systems)
by: H. Arndt von Schemde

Index and Stability in Bimatrix Games: A Geometric-Combinatorial Approach (Lecture Notes in Economics and Mathematical Systems)
By H. Arndt von Schemde

Publisher: Springer
Number Of Pages: 151
Publication Date: 2005-09-21
ISBN-10 / ASIN: 3540263667
ISBN-13 / EAN: 9783540263661

Product Description:

The index of an equilibrium in a game gives information about the "stability" of the equilibrium, for example with respect to game dynamics. Unfortunately, index theory is often very technical. This book presents a new geometric construction that visualises the index in an intuitive way. For example, a 3×n game, for any n, can be represented by a figure in the plane, from which one can read off any equilibrium, and its index as a geometric orientation. With this insight, the index can be characterised in strategic terms alone. Moreover, certain "hyperstable" equilibrium components are seen to have nonzero index. The construction gives an elementary proof that two-player games have a Nash equilibrium, and, in an unusual direction, the powerful fixed point theorem of Brouwer.

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