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 InfoPaper provided by Tilburg - Center for Economic Research in its series Papers with number 9217.
Length: 42 pages
Date of creation: 1992
Date of revision:
Contact details of provider:
Postal: TILBURG UNIVERSITY, CENTER FOR ECONOMIC RESEARCH, 5000 LE TILBURG THE NETHERLANDS.
Phone: 31 13 4663050
Fax: 31 13 4663066
Web page: http://center.uvt.nl/
More information through EDIRC
decision making ; economic models ; game theory ; economic equilibrium;
Other versions of this item:
- 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.
- Ferreira, J. & Gilboa, I. & Maschler, M., 1992. "Credible Equilibria in Games with Utilities Changing During the Play," Discussion Paper 1992-17, Tilburg University, 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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"Loss aversion equilibrium,"
CORE Discussion Papers
1997023, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jonathan Shalev, 1998.
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Game Theory and Information
- Adam Tauman Kalai & Ehud Kalai & Dov Samet, 2007. "Voluntary Commitments Lead to Efficiency," Discussion Papers 1444, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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