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

  • Susan Snyder
  • Indrajit Ray

We provide necessary and sufficient conditions for observed outcomes in extensive game forms, in which preferences are unobserved, to be rationalized first, partially, as a Nash equilibrium and then, fully, 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 equilibrium but is consistent with Nash equilibrium, or (c) consistent with neither.

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Paper provided by Econometric Society in its series Econometric Society 2004 North American Summer Meetings with number 407.

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Date of creation: 11 Aug 2004
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Handle: RePEc:ecm:nasm04:407
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