The von Neumann-Morgenstern stable sets for the mixed extension of 2 × 2 games

摘要

This paper studies the von Neumann-Morgenstern (vNM) stable sets for the mixed extension of 2 × 2 games when only single profitable deviations are allowed. We show that games with a strict Nash equilibrium have infinite vNM stable sets, and games without a strict Nash equilibrium have just a unique vNM stable set. A characterization of the strategy profiles that belong to the vNM stable sets is provided. We also show that in games without a strict Nash equilibrium the vNM stable set always contains a Pareto optimal strategy profile.