Symmetric games with only asymmetric equilibria: examples with continuous payoff functions

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Abstract

I construct examples of symmetric 2-person games that have Nash equilibria, but no symmetric Nash equilibria (not even in mixed strategies). Such an example was first constructed by Fey (Games Econ Behav 75: 424-427, 2012). In his example, the actions set is compact and the payoff function is discontinuous. Here, by contrast, payoff functions are continuous, but the actions sets are not compact.
Original languageAmerican English
Pages (from-to)65-68
Number of pages4
JournalEconomic theory bulletin
Volume11
Issue number1
DOIs
StatePublished - 2023

Keywords

  • EXISTENCE
  • Symmetric equilibrium
  • Symmetry

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