Construct · 1 fields · 1 citations

Bayesian Nash equilibrium: a standalone construct

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Game theory

an equilibrium for games where players hold private types, each choosing the best response given beliefs about the others' types.

In game theory, Bayesian Nash equilibrium refers to an equilibrium for games where players hold private types, each choosing the best response given beliefs about the others' types. This meaning comes from Harsanyi (1967) in Management Science.[1]

Unit
Recovery means
Measured by

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Nearby constructs

best response1 fields · 2 citationsanchor · game theory equilibrium4 fields · 4 citationsjingle · one word, four constructs game2 fields · 3 citationsjingle · one word, two constructs

References

Harsanyi, J. C. (1967). Games with Incomplete Information Played by “Bayesian” Players, I–III Part I. The Basic Model. Management Science, 14(3), 159-182. https://doi.org/10.1287/mnsc.14.3.159

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