Abstract: This paper builds on one of the results of Pruzhansky [22], namely that maximin strategies guarantee the same expected payoffs as mixed Nash equilibrium strategies in bimatrix games. We present a discussion on the applicability of maximin strategies in such class of games. The usefulness of maximin is illustrated from both positive and normative viewpoints. Examples are provided.
Publication Year: 2004
Publication Date: 2004-03-02
Language: en
Type: preprint
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Cited By Count: 1
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