Risk aversion pays in the class of 2 x 2 games with no pure equilibrium.

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F03%3A44033052" target="_blank" >RIV/67985998:_____/03:44033052 - isvavai.cz</a>

Alternative codes found

RIV/00216208:11640/03:00004411

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Risk aversion pays in the class of 2 x 2 games with no pure equilibrium.

Original language description

Simulations indicated that, in the class of 2 x 2 games which only have a mixed equilibrium, payoffs are increased by risk aversion compared to risk neutrality. In this paper I show that the total expected payoff to a player over this class in equilibrium is indeed higher if this player is risk averse than if he is risk neutral provided that all games are played with the same probability.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/KSK8002119" target="_blank" >KSK8002119: National identity and cultural heritage; modern systems of collecting, storing and processing of data</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2003

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

CERGE-EI working paper series

ISSN

1211-3298

e-ISSN

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Volume of the periodical

N/A

Issue of the periodical within the volume

211

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

15

Pages from-to

1-15

UT code for WoS article

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EID of the result in the Scopus database

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