On the Equivalence between (Quasi)-perfect and sequential equilibria
AbstractWe prove the generic equivalence between quasi-perfect equilibrium and sequential equilibrium. Combining this result with Blume and Zame (1994) shows that perfect, quasi-perfect and sequential equilibrium coincide in generic games.
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Bibliographic InfoPaper provided by School of Economics, The University of New South Wales in its series Discussion Papers with number 2012-01.
Length: 11 pages
Date of creation: Dec 2011
Date of revision:
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More information through EDIRC
Backwards induction; perfect equilibrium; quasi-perfect equilibrium; sequential equilibrium; lower-hemicontinuity; upper-hemicontinuity;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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- Kreps, David M & Wilson, Robert, 1982.
Econometric Society, vol. 50(4), pages 863-94, July.
- MERTENS, Jean-François, 1992.
"Two examples on strategic equilibrium,"
CORE Discussion Papers
1992008, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Damme, E.E.C. van, 1984. "A relation between perfect equilibria in extensive form games and proper equilibria in normal form games," Open Access publications from Tilburg University urn:nbn:nl:ui:12-154427, Tilburg University.
- Lawrence E. Blume & William R. Zame, 1993.
"The Algebraic Geometry of Perfect and Sequential Equilibrium,"
Game Theory and Information
- Blume, Lawrence E & Zame, William R, 1994. "The Algebraic Geometry of Perfect and Sequential Equilibrium," Econometrica, Econometric Society, vol. 62(4), pages 783-94, July.
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