Fault tolerance in large games
Ronen Gradwohl and
Omer Reingold
Games and Economic Behavior, 2014, vol. 86, issue C, 438-457
Abstract:
A Nash equilibrium is an optimal strategy for each player under the assumption that others play according to their respective Nash strategies, but it provides no guarantees in the presence of irrational players or coalitions of colluding players. In fact, no such guarantees exist in general. However, in this paper we show that large games are innately fault tolerant. We quantify the ways in which two subclasses of large games – λ-continuous games and anonymous games – are resilient against Byzantine faults (i.e. irrational behavior), coalitions, and asynchronous play. We also show that general large games have some non-trivial resilience against faults.
Keywords: Nash equilibrium; Large games; Fault tolerance (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:86:y:2014:i:c:p:438-457
DOI: 10.1016/j.geb.2013.06.007
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