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A Theorem on the Number of Nash Equilibria in a Bimatrix Game

Martin Shubik and Thomas Quint
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Thomas Quint: Department of Mathematics, University of Nevada, Reno Nevada 89557, USA

International Journal of Game Theory, 1997, vol. 26, issue 3, 353-359

Abstract: We show that if y is an odd integer between 1 and $2^{n}-1$, there is an $n\times n$ bimatrix game with exactly y Nash equilibria (NE). We conjecture that this $2^{n}-1$ is a tight upper bound on the number of NEs in a "nondegenerate" $n\times n$ game.

Date: 1998-05-19
Note: Received June 1994 Revised version February 1996
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