VALUE AND EQUILIBRIUM
Résumé
We compare the two basic concepts of minmax value and equilibrium points in terms of :-definitions, properties and interpretation,-tools used in the existence proofs,-developments and applications, in particular for repeated games. This will lead us to question the approach asserting the following viewpoint: Equilibrium as extension of the value paradigm to non-zero sum games, Value as a special case of equilibrium payoff for zero-sum games. We claim that many important properties apply only to one of these concepts. 1. BASIC CONCEPTS We first recall the framework and the definition of these fundamental notions: value and equilibria.
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