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A First Look at Equilibrium

In: Modeling Strategic Behavior A Graduate Introduction to Game Theory and Mechanism Design

Author

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  • George J. Mailath

Abstract

The following sections are included:Nash EquilibriumWhy Study Nash Equilibrium?Credible Threats and Backward InductionBackward Induction and Iterated Weak DominanceSubgame PerfectionMixingMixed Strategies and Security LevelsDomination and OptimalityEquilibrium in Mixed StrategiesBehavior StrategiesDealing with MultiplicityRefinementsSelectionProblems

Suggested Citation

  • George J. Mailath, 2019. "A First Look at Equilibrium," World Scientific Book Chapters, in: Modeling Strategic Behavior A Graduate Introduction to Game Theory and Mechanism Design, chapter 2, pages 19-60, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789813239944_0002
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    More about this item

    Keywords

    Game Theory; Microeconomics; Mathematical Economics; Econometrics; Mechanism Design; Nash Equilibrium; Dynamic Games;
    All these keywords.

    JEL classification:

    • D00 - Microeconomics - - General - - - General
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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