Perfect sequential equilibrium (Q1821707)

From MaRDI portal
Revision as of 02:19, 28 July 2023 by Importer (talk | contribs) (‎Created a new Item)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
scientific article
Language Label Description Also known as
English
Perfect sequential equilibrium
scientific article

    Statements

    Perfect sequential equilibrium (English)
    0 references
    0 references
    0 references
    1986
    0 references
    Our equilibrium concept is a restriction of sequential equilibrium. A player chooses a ''metastrategy'' which specifies his act as a function of his belief. This permits players to evaluate how a game will evolve if new beliefs are assigned to a given node, and enables us to develop a restriction on the beliefs ''off the equilibrium path''. A perfect sequential equilibrium is supported by beliefs p which prevent a player from deviating to an unreached node, when there is no belief q which, when assigned to the node, makes it optimal for a deviation to occur with probability q.
    0 references
    0 references
    metastrategy
    0 references
    perfect sequential equilibrium
    0 references