Credible Equilibria in Games with Utilities Changing during the Play
AbstractWhenever one deals with an interactive decision situation of long duration, one has to take into account that priorities of the participants may change during the conflict. In this paper we propose an extensive-form game model to handle such situations and suggest and study a solution concept, called credible equilibrium, which generalizes the concept of the Nash equilibrium. We also discuss possible variants to this concept and applications of the model to other types of games.
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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 10 (1995)
Issue (Month): 2 (August)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622836
Other versions of this item:
- Ferreira, J.L. & Gilboa, I. & Maschler, M., 1992. "Credible Equilibria in Games with Utilities Changing During the Play," Papers 9217, Tilburg - Center for Economic Research.
- J.L. Ferreira, 1992. "Credible Equilibria in Games with Utilities Changing During the Play," Discussion Papers 988, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Game Theory and Information
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Game Theory and Information
9703001, EconWPA, revised 11 Mar 1997.
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