Regular potential games

Brian Swenson, Ryan William Murray, Soummya Kar

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

A fundamental problem with the Nash equilibrium concept is the existence of certain “structurally deficient” equilibria that (i) lack fundamental robustness properties, and (ii) are difficult to analyze. The notion of a “regular” Nash equilibrium was introduced by Harsanyi. Such equilibria are isolated, highly robust, and relatively simple to analyze. A game is said to be regular if all equilibria in the game are regular. In this paper it is shown that almost all potential games are regular. That is, except for a closed subset with Lebesgue measure zero, all potential games are regular. As an immediate consequence of this, the paper also proves an oddness result for potential games: In almost all potential games, the number of Nash equilibrium strategies is finite and odd. Specialized results are given for weighted potential games, exact potential games, and games with identical payoffs. Applications of the results to game-theoretic learning are discussed.

Original languageEnglish (US)
Pages (from-to)432-453
Number of pages22
JournalGames and Economic Behavior
Volume124
DOIs
StatePublished - Nov 2020

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'Regular potential games'. Together they form a unique fingerprint.

Cite this