On the Three-Person Game Baccara Banque
AbstractBaccara banque is a three-person zero-sum game parameterized by \(\theta\in(0,1)\). A study of the game by Downton and Lockwood claimed that the Nash equilibrium is of only academic interest. Their preferred alternative is what we call the independent cooperative equilibrium. However, this solution exists only for certain \(\theta\). A third solution, which we call the correlated cooperative equilibrium, always exists. Under a ''with replacement'' assumption as well as a simplifying assumption concerning the information available to one of the players, we derive each of the three solutions for all \(\theta\). View Full-Text
Share & Cite This Article
Ethier, S.N.; Lee, J. On the Three-Person Game Baccara Banque. Games 2015, 6, 57-78.
Ethier SN, Lee J. On the Three-Person Game Baccara Banque. Games. 2015; 6(2):57-78.Chicago/Turabian Style
Ethier, Stewart N.; Lee, Jiyeon. 2015. "On the Three-Person Game Baccara Banque." Games 6, no. 2: 57-78.