Expected Worth for 2 × 2 Matrix Games with Variable Grid Sizes
65 Pages Posted: 21 May 2016
There are 2 versions of this paper
Expected Worth for 2 × 2 Matrix Games with Variable Grid Sizes
Cowles Foundation Discussion Paper No. 2039
Number of pages: 65
Posted: 21 May 2016
You are currently viewing this paper
Downloads
60
Expected Worth for 2 × 2 Matrix Games with Variable Grid Sizes
Cowles Foundation Discussion Paper No. 2039R
Number of pages: 50
Posted: 26 Oct 2016
Downloads
54
Date Written: May 18, 2016
Abstract
We offer a detailed examination of a broad class of 2 × 2 matrix games as a first step toward considering measures of resource distribution and efficiency of outcomes. In the present essay, only noncooperative equilibria and entropic outcomes are considered, and a crude measure of efficiency employed. Other solution concepts and the formal construction of an efficiency index will be addressed in a companion paper.
Keywords: 2 × 2 matrix games, efficiency, coordination, worth of coordination
JEL Classification: C63, C72, D61
Suggested Citation: Suggested Citation
Powers, Michael R. and Shubik, Martin and Wang, Wen, Expected Worth for 2 × 2 Matrix Games with Variable Grid Sizes (May 18, 2016). Cowles Foundation Discussion Paper No. 2039, Available at SSRN: https://ssrn.com/abstract=2781806 or http://dx.doi.org/10.2139/ssrn.2781806
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.