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Equilibrium And Rationality Context And History- Dependence

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  • MERTENS, J-F.

Abstract

I will first argue that a full solution theory for non-co-operative games requires several levels of analysis — the self-enforcing aspect (‘equilibrium’) being only the first of them, and that each of those levels has its own invariance (‘context-independence’) requirements. Of those different levels, only the first is more or less well understood.
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Suggested Citation

  • Mertens, J-F., 1989. "Equilibrium And Rationality Context And History- Dependence," LIDAM Discussion Papers CORE 1989027, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:1989027
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