Independence and Uniqueness of the Mixed-Strategy Equilibrium in Social Networks Cover Image

Independence and Uniqueness of the Mixed-Strategy Equilibrium in Social Networks
Independence and Uniqueness of the Mixed-Strategy Equilibrium in Social Networks

Author(s): Darong Dai
Subject(s): Economy
Published by: Τεχνολογικό Εκπαιδευτικό Ίδρυμα Ανατολικής Μακεδονίας και Θράκης
Keywords: social network; asymmetric game; mixed-strategy equilibrium; independence; uniqueness

Summary/Abstract: We develop topological analysis of social-network effect on game equilibrium in the context of two- player asymmetric normal-form games and also in evolutionary sense. Firstly, it is confirmed that the game equilibrium in many social networks cannot be established through that in a well-mixed population. In other words, we have proved the independence of the mixedstrategy equilibrium in social networks. Secondly, it is demonstrated that the game equilibrium exhibits injective property with respect to the corresponding social-network effect under consideration. That is, the uniqueness of the mixed-strategy game equilibrium in a given social network is identified. Thirdly, it is argued that uniqueness implies independence for a wide range of social networks and we have even derived the biggest sets of social networks in which independence and uniqueness hold true, respectively, in the underlying game. To sum up, we have provided qualitative characterizations about topological properties of the mixed-strategy game equilibrium in general social networks.

  • Issue Year: VI/2013
  • Issue No: 3
  • Page Range: 79-96
  • Page Count: 18
  • Language: English
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