Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9551704 | Games and Economic Behavior | 2005 | 15 Pages |
Abstract
We examine contemporaneous perfect É-equilibria, in which a player's actions after every history, evaluated at the point of deviation from the equilibrium, must be within É of a best response. This concept implies, but is stronger than, Radner's ex ante perfect É-equilibrium. A strategy profile is a contemporaneous perfect É-equilibrium of a game if it is a subgame perfect equilibrium in a perturbed game with nearly the same payoffs, with the converse holding for pure equilibria.
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Economics and Econometrics
Authors
George J. Mailath, Andrew Postlewaite, Larry Samuelson,