Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78399
Authors: 
Apesteguia, Jose
Year of Publication: 
2001
Series/Report no.: 
Bonn Econ Discussion Papers 26/2001
Abstract: 
The theory of melioration, originally formulated for individual decision-making contexts, is formally extended to a game theoretic framework. This paper proves the existence of a distribution that is a melioration strategy on the part of all players. Further, the question of stability of such a distribution is studied.
Subjects: 
Bounded Rationality
Melioration
Game Theory
Existence of Equilibrium
Stability
JEL: 
C62
C72
Document Type: 
Working Paper

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