Expected Worth for 2 × 2 Matrix Games with Variable Grid Sizes

65 Pages Posted: 21 May 2016

See all articles by Michael R. Powers

Michael R. Powers

Independent

Martin Shubik

Yale University - School of Management; Yale University - Cowles Foundation

Wen Wang

affiliation not provided to SSRN

Multiple version iconThere are 2 versions of this paper

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

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

Michael R. Powers

Independent

Martin Shubik (Contact Author)

Yale University - School of Management ( email )

Box 208200
New Haven, CT 06520-8200
United States

Yale University - Cowles Foundation ( email )

Box 208281
New Haven, CT 06520-8281
United States
203-432-3694 (Phone)
203-432-6167 (Fax)

HOME PAGE: http://cowles.econ.yale.edu/P/au/d_shubik.htm

Wen Wang

affiliation not provided to SSRN

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