Engelmann, D and Steiner, J (2006) The Effects of Risk Preferences in Mixed-Strategy Equilibria of 2*2 Games.
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We consider the effects of risk preferences in mixed-strategy equilibria of 2 * 2 games, provided such equilibria exist. We identify sufficient conditions under which the expected payoff in the mixed equilibrium increases or decreases with the degree of risk aversion. We find that (at least moderate degrees of) risk aversion will frequently be beneficial in mixed equilibria.
This is a Published version This version's date is: 19/09/2006 This item is not peer reviewed
https://repository.royalholloway.ac.uk/items/434d89cc-e4ef-984b-90af-99b4229fc9c7/1/
Deposited by () on 23-Dec-2009 in Royal Holloway Research Online.Last modified on 23-Dec-2009