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An axiomatization of the Nash equilibrium concept
Journal article   Peer reviewed

An axiomatization of the Nash equilibrium concept

Mark Voorneveld
Games and Economic Behavior, Vol.117, pp.316-321
2019-09

Abstract

Nash equilibrium Axiomatization Solution concept C72
For strategic games, the Nash equilibrium concept is axiomatized using three properties: (i) if the difference between two games is ‘strategically irrelevant’, then their solutions are the same; (ii) if a player has a strategy with a constant payoff, this player need not settle for less in any solution of the game; (iii) if all players agree that a certain strategy profile is optimal, then this strategy profile is a solution of the game.

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