Cooperation in Mixed Equilibrium
- 1 August 1976
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Mathematics of Operations Research
- Vol. 1 (3) , 273-286
- https://doi.org/10.1287/moor.1.3.273
Abstract
Self-penalties of the players in a two-person game are studied as a cooperative tool: by committing himself to a penalty in case he plays a particular strategy, a player may improve upon the equilibrium payoff of both players. A complete characterization of this phenomenon is given for mixed equilibria.Keywords
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