The Effects of Risk Preferences in Mixed-Strategy Equilibria of 2*2 Games

Engelmann, D and Steiner, J

(2006)

Engelmann, D and Steiner, J (2006) The Effects of Risk Preferences in Mixed-Strategy Equilibria of 2*2 Games.

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Abstract

We consider the effects of risk preferences in mixed-strategy equilibria of 2 * 2 games, provided such equilibria exist. We identify sufficient conditions under which the expected payoff in the mixed equilibrium increases or decreases with the degree of risk aversion. We find that (at least moderate degrees of) risk aversion will frequently be beneficial in mixed equilibria.

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This is a Submitted version
This version's date is: 19/9/2006
This item is not peer reviewed

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https://repository.royalholloway.ac.uk/items/434d89cc-e4ef-984b-90af-99b4229fc9c7/7/

Item TypeMonograph (Working Paper)
TitleThe Effects of Risk Preferences in Mixed-Strategy Equilibria of 2*2 Games
AuthorsEngelmann, D
Steiner, J
Uncontrolled Keywordsrisk preferences, mixed-strategy equilibria
DepartmentsFaculty of History and Social Science\Economics

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Deposited by Research Information System (atira) on 22-Jul-2014 in Royal Holloway Research Online.Last modified on 22-Jul-2014

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