Construct · 1 fields · 1 citations

risk dominance: a standalone construct

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Game theory

equilibrium selection criterion favoring the equilibrium with the larger product of deviation losses, the one less risky when others' play is uncertain.

In game theory, risk dominance refers to equilibrium selection criterion favoring the equilibrium with the larger product of deviation losses, the one less risky when others' play is uncertain. This meaning comes from Harsanyi (1988) in A general theory of equilibrium selection in games.[1]

Unit
Recovery means
Measured by

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Nearby constructs

deviation4 fields · 5 citationsjingle · one word, four constructs dominance4 fields · 4 citationsjingle · one word, four constructs equilibrium4 fields · 4 citationsjingle · one word, four constructs

References

Harsanyi, J. C. (1988). A general theory of equilibrium selection in games. The MIT Press. ISBN 9780262582384

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