The Effects of Risk Preferences in Mixed-Strategy Equilibria of 2*2 Games. / Engelmann, D; Steiner, J.

Egham, 2006.

Research output: Working paper

Published

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.
Original languageEnglish
Place of PublicationEgham
Publication statusPublished - 19 Sep 2006
This open access research output is licenced under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

ID: 887079