Trembling-hand myopia and trembling-hand perfection
AbstractIn 1975 Selten introduced trembling-hand perfection, however it was implicitly assumed that specific values of rationality imperfections are common knowledge. Relaxing this assumption, we develop the notion of trembling-hand myopia, and completely characterize equilibria which are robust in this setting.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 113 (2011)
Issue (Month): 1 (October)
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Web page: http://www.elsevier.com/locate/ecolet
Imperfect rationality Common knowledge Perfect equilibrium Substitute sequence Substitute perfect equilibrium;
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- Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, June.
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