In game theory, a solution concept is a formal rule for predicting how a game will be played. These predictions are called "solutions", and describe which...
12 KB (1,626 words) - 15:51, 13 March 2024
Cooperative game theory (redirect from Von Neumann-Morgenstern solution)
{\displaystyle S} . Subgames are useful because they allow us to apply solution concepts defined for the grand coalition on smaller coalitions. Characteristic...
41 KB (5,878 words) - 19:28, 12 May 2024
Nash equilibrium (category Game theory equilibrium concepts)
In game theory, the Nash equilibrium is the most commonly-used solution concept for non-cooperative games. A Nash equilibrium is a situation where no player...
59 KB (8,755 words) - 01:34, 10 August 2024
most famous contribution to game theory is the concept of the Nash equilibrium, which is a solution concept for non-cooperative games. A Nash equilibrium...
140 KB (15,598 words) - 06:38, 22 July 2024
seen to be the solution of MOLP. This type of solution concept is called decision set based. It is not compatible with an optimal solution of a linear program...
7 KB (1,003 words) - 10:09, 11 January 2024
Bayes correlated equilibrium (category Game theory equilibrium concepts)
solution concept for static games of incomplete information. It is both a generalization of the correlated equilibrium perfect information solution concept...
8 KB (1,467 words) - 06:44, 11 March 2024
viscosity solution concept was introduced in the early 1980s by Pierre-Louis Lions and Michael G. Crandall as a generalization of the classical concept of what...
16 KB (2,597 words) - 09:51, 30 July 2024
two-state solution" or "a two-state solution". Public support among Israelis and among Palestinians (measured separately) for “the concept of the two-state...
85 KB (8,164 words) - 14:33, 3 August 2024
A concept is defined as an abstract Idea It is understood to be a fundamental building block underlying principles, thoughts, and beliefs. Concepts play...
37 KB (4,714 words) - 05:15, 16 August 2024
Subgame perfect equilibrium (category Game theory equilibrium concepts)
inconsistency Glossary of game theory Minimax theorem Retrograde analysis Solution concept Bellman's principle of optimality Osborne, M. J. (2004). An Introduction...
11 KB (1,544 words) - 07:30, 8 September 2023
The Shapley value is a solution concept in cooperative game theory. It was named in honor of Lloyd Shapley, who introduced it in 1951 and won the Nobel...
27 KB (4,593 words) - 09:21, 24 July 2024
Rationalizability is a solution concept in game theory. It is the most permissive possible solution concept that still requires both players to be at least...
15 KB (2,010 words) - 19:23, 22 July 2024
Evolutionarily stable strategy (category Game theory equilibrium concepts)
human biological evolution. The Nash equilibrium is the traditional solution concept in game theory. It depends on the cognitive abilities of the players...
24 KB (2,914 words) - 21:48, 28 July 2024
Perfect Bayesian equilibrium (category Game theory equilibrium concepts)
(PBE) is a solution with Bayesian probability to a turn-based game with incomplete information. More specifically, it is an equilibrium concept that uses...
16 KB (2,564 words) - 18:55, 30 April 2024
programming languages as a "not equal to" operator Nash equilibrium, a solution concept in game theory Neon, symbol Ne, a chemical element Norepinephrine,...
3 KB (369 words) - 04:24, 21 June 2023
Correlated equilibrium (category Game theory equilibrium concepts)
In game theory, a correlated equilibrium is a solution concept that is more general than the well known Nash equilibrium. It was first discussed by mathematician...
9 KB (1,267 words) - 01:16, 20 May 2024
Mertens-stable equilibrium (category Game theory equilibrium concepts)
In game theory, Mertens stability is a solution concept used to predict the outcome of a non-cooperative game. A tentative definition of stability was...
12 KB (1,631 words) - 08:24, 5 January 2024
Epsilon-equilibrium (category Game theory equilibrium concepts)
may still be considered an adequate solution concept, assuming for example status quo bias. This solution concept may be preferred to Nash equilibrium...
9 KB (1,402 words) - 23:21, 11 March 2024
In chemistry, a solution is a special type of homogeneous mixture composed of two or more substances. In such a mixture, a solute is a substance dissolved...
14 KB (1,883 words) - 11:40, 17 June 2024
deviation from ideality) is equal to one for each component. The concept of an ideal solution is fundamental to both thermodynamics and chemical thermodynamics...
11 KB (2,163 words) - 08:52, 10 July 2024
technical proof of concept that touches all of the technologies in a solution. By contrast, a 'proof of technology' aims to determine the solution to some technical...
16 KB (2,161 words) - 08:35, 16 June 2024
[citation needed] Concept art is developed through several iterations. Multiple solutions are explored before settling on the final design. Concept art is not...
7 KB (827 words) - 02:48, 10 July 2024
equilibrium, a solution concept in game theory that is more general than Nash equilibrium Nash equilibrium, the basic solution concept in game theory...
7 KB (922 words) - 15:25, 18 October 2023
Revelation principle (section Finding solutions)
it is possible to design a system that encourages honesty given a solution concept (if the corresponding equilibrium is unique). The idea behind the revelation...
9 KB (1,241 words) - 01:57, 1 July 2024
Hedonic game (section Solution concepts)
theory, the outcomes of hedonic games are evaluated using solution concepts. Many of these concepts refer to a notion of game-theoretic stability: an outcome...
28 KB (3,880 words) - 00:56, 3 September 2023
Nirvana fallacy (redirect from Perfect solution fallacy)
tendency to assume there is a perfect solution to a particular problem. A closely related concept is the "perfect solution fallacy". By creating a false dichotomy...
6 KB (761 words) - 06:16, 14 August 2024
Quantal response equilibrium (category Game theory equilibrium concepts)
Quantal response equilibrium (QRE) is a solution concept in game theory. First introduced by Richard McKelvey and Thomas Palfrey, it provides an equilibrium...
10 KB (1,170 words) - 06:24, 23 May 2024
Vector optimization (section Solution concepts)
minimizer is a minimizer. And every minimizer is a weak minimizer. Modern solution concepts not only consists of minimality notions but also take into account...
3 KB (433 words) - 08:00, 5 September 2023
Tragedy of the commons (category Environmental social science concepts)
paradox – Efficiency leads to increased demand Nash equilibrium – Solution concept of a non-cooperative game Overfishing – Removal of a species of fish...
127 KB (15,077 words) - 02:41, 13 August 2024
information set belong to the subgame. It is a notion used in the solution concept of subgame perfect Nash equilibrium, a refinement of the Nash equilibrium...
4 KB (668 words) - 20:45, 28 October 2023