Two examples on strategic equilibrium
AbstractThe first example is a two person game with a unique dominant strategy for each player where the dominant strategy equilibrium is not extensive form perfect. It is argued that the concept of quasi-perfect equilibria may be superior to that of perfect equilibria. The second example is a two person game with perfect information and unique subgame perfect equilibrium, and a unique stable set, but where the latter allows different outcomes.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1992008.
Date of creation: 01 Feb 1992
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- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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591, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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- Carlos Pimienta & Jianfei Shen, 2011. "On the Equivalence between (Quasi)-perfect and sequential equilibria," Discussion Papers 2012-01, School of Economics, The University of New South Wales.
- Jackson, Matthew O. & Tan, Xu, 2013. "Deliberation, disclosure of information, and voting," Journal of Economic Theory, Elsevier, vol. 148(1), pages 2-30.
- Peter Miltersen & Troels Sørensen, 2010. "Computing a quasi-perfect equilibrium of a two-player game," Economic Theory, Springer, vol. 42(1), pages 175-192, January.
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