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Observable implications of Nash and subgame-perfect behavior in extensive games

  • Ray, Indrajit
  • Snyder, Susan

We provide necessary and sufficient conditions for observed outcomes in extensive game forms, in which preferences are unobserved, to be rationalized first, weakly, as a Nash equilibrium and then as the unique subgame-perfect equilibrium. Thus, one could use these conditions to find that play is (a) consistent with subgame-perfect equilibrium, or (b) not consistent with subgame-perfect behavior but is consistent with Nash equilibrium, or (c) consistent with neither.

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Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 49 (2013)
Issue (Month): 6 ()
Pages: 471-477

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Handle: RePEc:eee:mateco:v:49:y:2013:i:6:p:471-477
Contact details of provider: Web page: http://www.elsevier.com/locate/jmateco

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