A finite characterization of perfect equilibria

DOI10.1007/S10107-021-01746-8MaRDI QIDQ6120901zbMATH OpenOpenAlexFDO

Authors Ivonne Callejas, Srihari Govindan, Lucas Pahl

Publication date 21 February 2024

Published in Mathematical Programming. Series A. Series B (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://arxiv.org/abs/2111.01638

Mathematics Subject Classification ID

Real algebraic and real-analytic geometry (14P99) Equilibrium refinements (91A11)

Abstract: Govindan and Klumpp [7] provided a characterization of perfect equilibria using Lexicographic Probability Systems (LPSs). Their characterization was essentially finite in that they showed that there exists a finite bound on the number of levels in the LPS, but they did not compute it explicitly. In this note, we draw on two recent developments in Real Algebraic Geometry to obtain a formula for this bound.

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Cites work

• Finding all Nash equilibria of a finite game using polynomial algebra
• scientific article; zbMATH DE number 1201576 (Why is no real title available?)
• Lectures on Resolution of Singularities (AM-166)
• Lexicographic Probabilities and Equilibrium Refinements
• Non-cooperative games
• On the Strategic Stability of Equilibria
• Perfect equilibrium and lexicographic beliefs
• Reexamination of the perfectness concept for equilibrium points in extensive games
• Refinements of the Nash equilibrium concept
• Separation of real algebraic sets and the Łojasiewicz exponent
• The Algebraic Geometry of Perfect and Sequential Equilibrium

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• A simple proof of the sufficiency of Dilmé's power-sequence test for Kreps-Wilson consistency

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