English

Minimax theorem and Nash equilibrium of symmetric multi-players zero-sum game with two strategic variables

Mathematical Finance 2018-06-20 v1

Abstract

We consider a symmetric multi-players zero-sum game with two strategic variables. There are nn players, n3n\geq 3. Each player is denoted by ii. Two strategic variables are tit_i and sis_i, i{1,,n}i\in \{1, \dots, n\}. They are related by invertible functions. Using the minimax theorem by \cite{sion} we will show that Nash equilibria in the following states are equivalent. 1. All players choose ti, i{1,,n}t_i,\ i\in \{1, \dots, n\}, (as their strategic variables). 2. Some players choose tit_i's and the other players choose sis_i's. 3. All players choose si, i{1,,n}s_i,\ i\in \{1, \dots, n\}.

Keywords

Cite

@article{arxiv.1806.07203,
  title  = {Minimax theorem and Nash equilibrium of symmetric multi-players zero-sum game with two strategic variables},
  author = {Masahiko Hattori and Atsuhiro Satoh and Yasuhito Tanaka},
  journal= {arXiv preprint arXiv:1806.07203},
  year   = {2018}
}

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16 pages