Web: http://arxiv.org/abs/2201.04266

Jan. 13, 2022, 2:20 a.m. | Sam Ganzfried

cs.CR updates on arXiv.org arxiv.org

The standard game-theoretic solution concept, Nash equilibrium, assumes that
all players behave rationally. If we follow a Nash equilibrium and opponents
are irrational (or follow strategies from a different Nash equilibrium), then
we may obtain an extremely low payoff. On the other hand, a maximin strategy
assumes that all opposing agents are playing to minimize our payoff (even if it
is not in their best interest), and ensures the maximal possible worst-case
payoff, but results in exceedingly conservative play. We …

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