Abstract
In the early 1950s Lloyd Shapley proposed an ordinal and set-valued solution concept for zero-sum games called weak saddle. We show that all weak saddles of a given zero-sum game are interchangeable and equivalent. As a consequence, every such game possesses a unique set-based value.
Original language | English |
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Pages (from-to) | 107-112 |
Number of pages | 6 |
Journal | Games and Economic Behavior |
Volume | 95 |
DOIs | |
State | Published - 1 Jan 2016 |
Keywords
- Minimax theorem
- Saddles
- Shapley
- Zero-sum games