On the number of pure strategy Nash equilibria in finite common payoffs games

Authors
Citation
W. Stanford, On the number of pure strategy Nash equilibria in finite common payoffs games, ECON LETT, 62(1), 1999, pp. 29-34
Citations number
7
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
62
Issue
1
Year of publication
1999
Pages
29 - 34
Database
ISI
SICI code
0165-1765(199901)62:1<29:OTNOPS>2.0.ZU;2-9
Abstract
In a two-person "random" common payoffs game, defined as a finite game in w hich the players receive the same payoff at each outcome, let X represent t he number of pure strategy Nash equilibria occurring. Treating both the cas es where players have strictly and weakly ordinal preferences over outcomes , we observe that the expected value of X approaches infinity as the sizes of the pure strategy sets of the players increase without bound. Furthermor e, we show that for any fixed positive integer k, the probability that X ex ceeds k approaches one as pure strategy sets increase in size without bound . (C) 1999 Elsevier Science S.A. All rights reserved.