Some First Results for Noncooperative Pregames: Social Conformity and Equilibrium in Pure Strategies
Myrna Wooders,
Reinhard Selten and
Edward Cartwright
No 269360, Economic Research Papers from University of Warwick - Department of Economics
Abstract:
We introduce the framework of noncooperative pregames and demonstrate that for all games with sufficiently many players, there exist approximate (ε) Nash equilibria in pure strategies. In fact, every mixed strategy equilibrium can be used to construct an ε-equilibrium in pure strategies — ours is an ‘ε-purification’ result. Our main result is that there exists an ε- equilibrium in pure strategies with the property that most players choose the same strategies as all other players with similar attributes. More precisely, there is an integer L, depending on ε but not on the number of players, so that any sufficiently large society can be partitioned into fewer than L groups, or cultures, consisting of similar players, and all players in the same group play the same pure strategy. In ongoing research, we are extending the model to cover a broader class of situations, including incomplete information. We would be grateful for any comments that might help us improve the paper.
Keywords: Agricultural and Food Policy; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 42
Date: 2001-08-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)
Downloads: (external link)
https://ageconsearch.umn.edu/record/269360/files/twerp589rev.pdf (application/pdf)
https://ageconsearch.umn.edu/record/269360/files/twerp589rev.pdf?subformat=pdfa (application/pdf)
Related works:
Working Paper: Some First Results for Noncooperative Pregames: Social Conformity and Equilibrium in Pure Strategies (2001) 
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:ags:uwarer:269360
DOI: 10.22004/ag.econ.269360
Access Statistics for this paper
More papers in Economic Research Papers from University of Warwick - Department of Economics
Bibliographic data for series maintained by AgEcon Search ().