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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | The effects of risk preferences in mixed-strategy equilibria of 2 × 2 games |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Games and Economic Behavior |
| Publisher | Elsevier |
| Geographical Reach | international |
| ISSN | 0899-8256 |
| Volume | 60 |
| Number | 2 |
| Page Range | 381 - 388 |
| Date | 2007 |
| Abstract Text | 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. |
| Digital Object Identifier | 10.1016/j.geb.2006.10.012 |
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| Keywords | Risk preferences, mixed-strategy equilibria |