EconPapers    
Economics at your fingertips  
 

Zero-sum games with ambiguity

Dinah Rosenberg and Nicolas Vieille

Games and Economic Behavior, 2019, vol. 117, issue C, 238-249

Abstract: We study whether the basic tenets of the theory of zero-sum games are still valid when players are uncertainty averse. We focus on games with one-sided information, in which the uninformed player is uncertain about the state of nature. Uncertainty aversion turns the underlying zero-sum game into a many-player, non-zero-sum game. We show that the uninformed player has a unique equilibrium payoff. We provide conditions under which there is a unique equilibrium payoff vector.

Keywords: Uncertainty aversion; Ambiguity; Zero-sum games; Incomplete information (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0899825619300715
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:117:y:2019:i:c:p:238-249

Access Statistics for this article

Games and Economic Behavior is currently edited by E. Kalai

More articles in Games and Economic Behavior from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2020-01-15
Handle: RePEc:eee:gamebe:v:117:y:2019:i:c:p:238-249