Approximating the Set of Nash Equilibria for Convex Games

Computing Nash Equilibria as Pareto Points Recent work by Feinstein and Rudloff (“Characterizing and Computing the Set of Nash Equilibria via Vector Optimization”) proved that it is possible to characterize the set of all Nash equilibria as the set of all Pareto optimal solutions of a certain vector optimization problem. “Approximating the Set of Nash Equilibria for Convex Games” by Feinstein, Hey, and Rudloff expands on this result to demonstrate that a comparable relation holds between the set of all approximate Nash equilibria and approximate Pareto solutions of a specific vector optimization problem. This characterization holds for all noncooperative games but opens a new way of computing Nash equilibria using techniques and algorithms from convex vector optimization. A sandwich property is proven in which the computed set of approximate Pareto solutions is bounded between the set of true Nash equilibria and the set of all approximate Nash equilibria with controlled error.

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Publication Details

Journal
Operations Research
Published
2024-10-10
DOI
https://doi.org/10.1287/opre.2023.0541
Primary Topic
Economic theories and models
Type
article
Field-Weighted Citation Impact
0.00
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article

Approximating the Set of Nash Equilibria for Convex Games

Zachary Feinstein, Birgit Rudloff, Niklas Hey
Operations Research
Economic theories and models
article

Approximating the Set of Nash Equilibria for Convex Games

Zachary Feinstein, Birgit Rudloff, Niklas Hey
article en

Abstract

Computing Nash Equilibria as Pareto Points Recent work by Feinstein and Rudloff (“Characterizing and Computing the Set of Nash Equilibria via Vector Optimization”) proved that it is possible to characterize the set of all Nash equilibria as the set of all Pareto optimal solutions of a certain vector optimization problem. “Approximating the Set of Nash Equilibria for Convex Games” by Feinstein, Hey, and Rudloff expands on this result to demonstrate that a comparable relation holds between the set of all approximate Nash equilibria and approximate Pareto solutions of a specific vector optimization problem. This characterization holds for all noncooperative games but opens a new way of computing Nash equilibria using techniques and algorithms from convex vector optimization. A sandwich property is proven in which the computed set of approximate Pareto solutions is bounded between the set of true Nash equilibria and the set of all approximate Nash equilibria with controlled error.

Operations Research
Vienna University of Economics and Business (AT), Stevens Institute of Technology (US)
Openalex Percentile: Top 78%
Economic theories and models
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Approximating the Set of Nash Equilibria for Convex Games — Zachary Feinstein, Birgit Rudloff, et al. · Operations Research (2024) | TGRS Research Map | TGRS