On the Equivalence between (Quasi)-perfect and sequential equilibria
We prove the generic equivalence between quasi-perfect equilibrium and sequential equilibrium. Combining this result with Blume and Zame (1994) shows that perfect, quasi-perfect and sequential equilibrium coincide in generic games.
|Date of creation:||Dec 2011|
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- Srihari Govindan & Robert Wilson, 2012.
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1137, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Lawrence E. Blume & William R. Zame, 1993.
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Game Theory and Information
- Blume, Lawrence E & Zame, William R, 1994. "The Algebraic Geometry of Perfect and Sequential Equilibrium," Econometrica, Econometric Society, vol. 62(4), pages 783-94, July.
- Reny, Philip J, 1992. "Backward Induction, Normal Form Perfection and Explicable Equilibria," Econometrica, Econometric Society, vol. 60(3), pages 627-49, May.
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