Copyright

Martin J. Osborne; Ariel Rubinstein

Published On

2023-06-26

Page Range

pp. 217–256

Language

  • English

Print Length

39 pages

Strategic games

Chapter of: Models in Microeconomic Theory: Expanded Second Edition (He)(pp. 217–256)
The model of a strategic game is central to game theory. In a strategic game, each individual chooses an action from a given set and is affected not only by this action but also by the other individuals’ actions. We study mainly the notion of Nash equilibrium, according to which a profile of actions is stable if no individual wants to deviate from his action given the other individuals’ actions.

Contributors

Martin J. Osborne

(author)
Professor Emeritus of Economics at University of Toronto
https://orcid.org/0000-0001-8584-6176

Ariel Rubinstein

(author)
Emeritus in School of Economics at Tel Aviv University
Professor of Economics at New York University
https://orcid.org/0000-0003-1574-2659