Deviations based refinements of Nash equilibrium
Article Abstract:
Certain refinements of Nash equilibria are studied. The refinements are rooted in the hypothesis that a non-cooperative game's player can intentionally deviate from a Nash equilibrium vector and anticipate an optimal reaction from others. The players' expectations regarding the response of others to a deviation are different from those presented in past research work. An equilibrium concept may be valid when taken in the context of an economic model if the concept-implied thought process is relevant.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 1995
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Comparative statics predictions for changes in uncertainty in the portfolio and savings problems
Article Abstract:
The impact of uncertainty on problems related to portfolio management and savings is examined in detail.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 2001
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Monetary policy and stock returns
Article Abstract:
The impact of monetary policy on stock returns is examined using Standard and Poor data.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 2001
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