Article ID Journal Published Year Pages File Type
5072252 Games and Economic Behavior 2011 7 Pages PDF
Abstract
This Note studies the problem of implementing social choice correspondences in environments where individuals have doubts about the rationality of their opponents. We postulate the concept of ε-minimax regret as our solution concept and show that social choice correspondences that are Maskin monotonic and satisfy the no-veto power condition are implementable in ε-minimax regret equilibrium for all ε∈[0,1).
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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