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Foundations of Strategic Equilibrium

  • John Hillas

    (SUNY at Stony Brook)

  • Elon Kohlberg

    (Harvard)

Registered author(s):

    The central concept of noncooperative game theory is that of the \emph{strategic equilibrium} (or Nash equilibrium, or noncooperative equilibrium). In this chapter we discuss some of the conceptual issues surrounding this concept and its refinements. Many of these issues have received increasing attention in the last few years. We are not at all comprehensive in covering the approaches that have been taken to the question. In particular, we focus almost exclusively on the ``purely rational'' approach and say almost nothing about other approaches. We do survey some of the issues and approaches that do not fit neatly into the core of our argument in the final section.

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    Paper provided by EconWPA in its series Game Theory and Information with number 9606002.

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    Length: 2 pages
    Date of creation: 30 Jun 1996
    Date of revision: 18 Sep 1996
    Handle: RePEc:wpa:wuwpga:9606002
    Note: Type of Document - AMS LaTeX; prepared on IBM PC - emTEX ; to print on HP/PostScript; pages: 2 + 63; figures: included . Prepared for the \emph{Handbook of Game Theory with Economic Applications} edited by Robert J. Aumann and Sergiu Hart. Comments still welcomed by the authors, perhaps not by the editors. Postscript file redone embedding type 1 versions of the fonts, in the hope that a dpf file will be generated and the postsctipt file made directly available.
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