THE MAXIMAL NUMBER OF REGULAR TOTALLY MIXED NASH EQUILIBRIA

Citation
Rd. Mckelvey et A. Mclennan, THE MAXIMAL NUMBER OF REGULAR TOTALLY MIXED NASH EQUILIBRIA, Journal of economic theory, 72(2), 1997, pp. 411-425
Citations number
5
Categorie Soggetti
Economics
Journal title
ISSN journal
00220531
Volume
72
Issue
2
Year of publication
1997
Pages
411 - 425
Database
ISI
SICI code
0022-0531(1997)72:2<411:TMNORT>2.0.ZU;2-H
Abstract
Let S=Pi(i=1)(n) S-i be the strategy space for a finite n-person game. Let (s(10),...,s(n0)) epsilon S be any strategy n-tuple, and let T-i= S-i-{s(i0)}, i=1,...,n. We show that the maximum number of regular tot ally mixed Nash equilibria of a game with strategy sets S-i is the num ber of partitions P={P-1,...,P-n} of boolean OR(r) T-i such that, for each i, \P-i\=\T-t\ and P-i boolean AND T-i=0. The bound is tight, as we give a method for constructing a game with the maximum number of eq uilibria. (C) 1997 Academic Press.