Corvinus Game Theory Seminar

May 16 (14:30-15:30) room C.714

Endre Csóka (Alfréd Rényi Institute of Mathematics)

Title: Guaranteed utility equilibrium

Abstract: We introduce a novel equilibrium concept called guaranteed utility equilibrium (GUE). A profile of strategies forms a guaranteed utility equilibrium if every agent can obtain a utility guarantee, and all those guarantees sum up to the highest value of the total surplus. GUE has arguably better properties than DSE, we show some old examples where GUE was used without this being noticed.

The talk is based on joint work with Alexander Rodivilov and Alexander Teytelboym.