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Monotone Games: A Unified Approach to Games with Strategic Complements and Substitutes
Hardcover
ISBN13: 9783030455125
Publisher: Palgrave Pivot
Published: Oct 27 2020
Pages: 165
Weight: 0.81
Height: 0.44 Width: 5.83 Depth: 8.27
Language: English
This Palgrave Pivot examines monotone games and studies incentives and outcomes when there are multiple players, and how the decision of each player affects the well-being of others in particular ways. Games with strategic complements exhibit codirectional incentives, or incentives for each player to move in the same direction as other players. Games with strategic substitutes exhibit contradirectional incentives, or incentives for each player to move in the direction opposite to other players. Monotone games include both types of players: some players have incentives to move in the same direction as other players and some players have incentives to move in the direction opposite to other players.
1 different editions
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