Forward Utility and Market Adjustments in Relative Investment-Consumption Games of Many Players

Implicit Investment Profiles and Intertemporal Adjustments of Relative Wages

Behavioral conformity in games with many players

In the literature of psychology and economics it is frequently observed that individuals tend to conform in their behavior to the behavior of similar individuals. A fundamental question is whether the outcome of such behavior can be consistent with self-interest. We propose that this consistency requires the existence of a Nash or approximate Nash equilibrium that induces a partition of the pla...

Routing games in the many players regime

The paper [4] has established the convergence of the Nash equilibrium in routing games to the Wardrop equilibrium as the number of players grows. The result was obtained under diagonal strict convexity assumption. We extend this result and establish the convergence under weaker convexity assumptions (the B type cost structure of [5]).

Relative Payoffs and Evolutionary Spite — Evolutionary Equilibria in Games with Finitely Many Players

Evolutionary dynamics in games imply de–facto spiteful behavior of the players: In order to ‘survive’ the evolutionary process, players must perform better than their opponents. This means they maximize relative rather than absolute payoffs. The paper shows that there is a class of games resulting in different equilibria if played by maximizers of absolute or of relative payoffs, respectively. ...

Values of Games with Infinitely Many Players

∗Institute of Mathematics; and Center for Rationality and Interactive Decision Theory; The Hebrew University of Jerusalem; Givat Ram; Jerusalem 91904; Israel. E-mail: [email protected] This research was in part supported by The Israel Science Foundation grant 382/98. J.E.L. Classification numbers. D70, D71, D63, C71