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A Characterization of Melioration in Game Theoretic Frameworks

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  • Apesteguia, Jose

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.

Suggested Citation

  • Apesteguia, Jose, 2001. "A Characterization of Melioration in Game Theoretic Frameworks," Bonn Econ Discussion Papers 26/2001, University of Bonn, Bonn Graduate School of Economics (BGSE).
    • Handle: RePEc:zbw:bonedp:262001
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    File URL: https://www.econstor.eu/bitstream/10419/78399/1/bgse26_2001.pdf
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    References listed on IDEAS

    as
    1. de Bartolome, Charles A. M., 1995. "Which tax rate do people use: Average or marginal?," Journal of Public Economics, Elsevier, vol. 56(1), pages 79-96, January.
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    6. Apesteguia, Jose, 2001. "The Two-Person Harvard Game: An Experimental Analysis," Bonn Econ Discussion Papers 23/2001, University of Bonn, Bonn Graduate School of Economics (BGSE).
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    More about this item

    Keywords

    Bounded Rationality; Melioration; Game Theory; Existence of Equilibrium; Stability;
    All these keywords.

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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