Abstract
In a noncooperative game, a team is a set of players that have identical payoffs. We investigate zero-sum games where a team of several players plays against a single adversary. The team is not regarded as a single player because the team members might not be able to coordinate their actions. In such a game, a certain equilibrium can be selected naturally: theteam-maxmin equilibrium. It assures the team players the best payoff they can hope for, given their inability to coordinate. A team-maxmin equilibrium exists, and in a generic game it is unique.Journal of Economic LiteratureClassification Number: C72.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.