Two examples on strategic equilibrium
The first example is a two person game with a unique dominant strategy for each player where the dominant strategy equilibrium is not extensive form perfect. It is argued that the concept of quasi-perfect equilibria may be superior to that of perfect equilibria. The second example is a two person game with perfect information and unique subgame perfect equilibrium, and a unique stable set, but where the latter allows different outcomes.
|Date of creation:||01 Feb 1992|
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- Roger B. Myerson, 1984.
"Acceptable and Predominant Correlated Equilibria,"
591, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- van Damme, E.E.C., 1991.
"Refinements of Nash equilibrium,"
1991-7, Tilburg University, Center for Economic Research.
- van Damme, E.E.C., 1984. "A relation between perfect equilibria in extensive form games and proper equilibria in normal form games," Other publications TiSEM 3734d89e-fd5c-4c80-a230-5, Tilburg University, School of Economics and Management.
- KOHLBERG, Elon & MERTENS, Jean-François, .
"On the strategic stability of equilibria,"
CORE Discussion Papers RP
716, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384.
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