Perfect and limit admissible perfect equilibria in discontinuous games
We compare the properties of several notions of trembling-hand perfection within classes of compact, metric, and possibly discontinuous games, and show that in the presence of payoff discontinuities, standard notions of trembling-hand perfection fail a weakening of admissibility termed limit admissibility. We also provide conditions ensuring the existence of a limit admissible perfect equilibrium.
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Departmental Working Papers
201128, Rutgers University, Department of Economics.
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Levine's Working Paper Archive
445, David K. Levine.
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