Perfect equilibrium histories of finite and infinite horizon games (Q1121187): Difference between revisions
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Property / cites work: Subgame-perfect equilibria of finite- and infinite-horizon games / rank | |||
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Property / cites work: Existence and Characterization of Perfect Equilibrium in Games of Perfect Information / rank | |||
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Property / cites work: A characterization of the perfect equilibria of infinite horizon games / rank | |||
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Property / cites work: Collusive behavior in noncooperative epsilon-equilibria of oligopolies with long but finite lives / rank | |||
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Property / cites work: Reexamination of the perfectness concept for equilibrium points in extensive games / rank | |||
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Latest revision as of 15:31, 19 June 2024
scientific article
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English | Perfect equilibrium histories of finite and infinite horizon games |
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Perfect equilibrium histories of finite and infinite horizon games (English)
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1989
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The paper deals with perfect equilibria in the n-person infinite multi- stage games. It is shown that an equilibrium can be approximated by a sequence of perfect \(\epsilon\)-equilibria in finite truncated games. Unlike to previous works [see, e.g., \textit{D. Fudenberg} and \textit{D. Levine}, J. Econ. Theory 31, 251-268 (1983; Zbl 0521.90106)], the approximation procedure is related to the study of equilibrium histories rather than equilibrium strategies. The author discusses the advantages and disadvantages of his approach.
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infinite horizon game
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perfect equilibria
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n-person infinite multi-stage games
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perfect \(\epsilon \) -equilibria
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finite truncated games
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approximation procedure
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