Deviations based refinements of Nash equilibrium

Article Abstract:

Certain refinements of Nash equilibria are studied. The refinements are rooted in the hypothesis that a non-cooperative game's player can intentionally deviate from a Nash equilibrium vector and anticipate an optimal reaction from others. The players' expectations regarding the response of others to a deviation are different from those presented in past research work. An equilibrium concept may be valid when taken in the context of an economic model if the concept-implied thought process is relevant.

Research, Equilibrium (Economics)

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Comparative statics predictions for changes in uncertainty in the portfolio and savings problems

Article Abstract:

The impact of uncertainty on problems related to portfolio management and savings is examined in detail.

Portfolio Management

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Monetary policy and stock returns

Article Abstract:

The impact of monetary policy on stock returns is examined using Standard and Poor data.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Stock-exchange, Stock exchanges, Monetary policy

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