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Bayesian Nash Equilibrium

In: Game Theory

Author

Listed:
  • Ana Espinola-Arredondo

    (Washington State University)

  • Felix Muñoz-Garcia

    (Washington State University)

Abstract

More often than not, players interact in games where at least one of them is uninformed about some relevant information, such as its rival’s production costs in an oligopoly market or the available stock in a common pool resource (e.g., fishing grounds, forests, and aquifers). In other games, all players are uninformed about some piece of information, such as auctions where every bidder privately observes her valuation for the object on sale but does not observe the valuation that other bidders assign to the object.

Suggested Citation

  • Ana Espinola-Arredondo & Felix Muñoz-Garcia, 2023. "Bayesian Nash Equilibrium," Springer Books, in: Game Theory, chapter 0, pages 253-279, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-37574-3_8
    DOI: 10.1007/978-3-031-37574-3_8
    as

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