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A generalized equilibrium solution for game theory
Abstract: Iterated contraction by dominance produces a generalized equilibrium. This solution to game theory is motivated, generated, analyzed, and compared to Nash equilibrium. One implication drawn is that a realized event in a social situation need not be uniquely determined by simple individual choices, even though the preference orderings implying those choices are the appropriate primitive.
https://doi.org/10.21034/sr.57
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Provider: Federal Reserve Bank of Minneapolis
Part of Series: Staff Report
Publication Date: 1981
Number: 57