WebLet the set of their partial strategy profiles (with k strategies) be Y , so that X × Y is the set of full strategy profiles. The leadership game is the extensive game where the leader chooses x in X , the followers are informed about x and choose simultaneously their strategies as f (x) in Y , and all players receive their payoffs as given by the strategy … WebA basic model of commitment is to convert a two-player game in strategic form to a “leadership game” with the same payoffs, where one player, the leader, commits to a …

Leadership games with convex strategy sets - CORE

WebThe Stackelberg equilibrium is a solution concept that describes optimal strategies to commit to: Player 1 ( the leader) first commits to a strategy that is publicly announced, then Player 2 ( the follower) plays a best response to the leader’s choice. WebOur learning dynamics are based on an instantiation of optimistic follow-the-regularized-leader over an appropriately lifted space using a self-concordant regularizer that is peculiarly not a barrier for the feasible region. inflation rates during pandemic

Leadership games coversheet - London School of Economics

WebA basic model of commitment is to convert a two-player game in strategic form to a leadership game with the same payoffs, where one player, the leader, commits to a … WebWe define a leadership game as follows (for details see Section 2). Consider a game of k +1playersinstrategicform. Declare one player as leader andlethisstrategysetbeX. The … WebThis paper studies such leadership games for games with convex strategy sets. We apply them to mixed extensions of finite games, which we analyze completely, including nongeneric games. The main result is that leadership is advantageous in the sense that, as a set, the leader's payoffs in equilibrium are at least as high as his Nash and correlated … inflation rates going up