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Copyright

Martin Osborne; Ariel Rubinstein

Published On

2020-03-27

Page Range

pp. 217-248

Print Length

31 pages

Strategic games

Chapter of: Models in Microeconomic Theory ('She' Edition)(pp. 217–248)
The model of a strategic game is central to game theory. In a strategic game, each individual chooses an action from a given set and is affected not only by this action but also by the other individuals’ actions. We study mainly the notion of Nash equilibrium, according to which a profile of actions is stable if no individual wants to deviate from her action given the other individuals’ actions.