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Credible equilibria in non-finite games and in games without perfect recall

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  • Corcho, Paula
  • Ferreira, José Luis

Abstract

Credible equilibria were defined in Ferreira, Gilboa and Maschler (1995) to handle situations of preferences changing along time in a model given by an extensive form game. This paper extends the definition to the case of infinite games and, more important, to games with nonperfect recall. These games are of great interest in possible applications of the model, but the original definition was not applicable to them. The difficulties of this extension are solved by using some ideas in the literatue of abstract systems and by proposing new ones that may prove useful in more general settings.

Suggested Citation

  • Corcho, Paula & Ferreira, José Luis, 1997. "Credible equilibria in non-finite games and in games without perfect recall," UC3M Working papers. Economics 6025, Universidad Carlos III de Madrid. Departamento de Economía.
    • Handle: RePEc:cte:werepe:6025
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    1. Ferreira J. -L. & Gilboa I. & Maschler M., 1995. "Credible Equilibria in Games with Utilities Changing during the Play," Games and Economic Behavior, Elsevier, vol. 10(2), pages 284-317, August.
    2. Peter J. Hammond, 1976. "Changing Tastes and Coherent Dynamic Choice," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 43(1), pages 159-173.
    3. E. S. Phelps & R. A. Pollak, 1968. "On Second-Best National Saving and Game-Equilibrium Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(2), pages 185-199.
    4. Chakravorti, B. & Kahn, C.M., 1993. "Universal Coalition-Proof Equilibrium: Concepts and Applications," Papers 98, Bell Communications - Economic Research Group.
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