Perfect sequential equilibrium (Q1821707)
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scientific article; zbMATH DE number 3999710
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
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| English | Perfect sequential equilibrium |
scientific article; zbMATH DE number 3999710 |
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Perfect sequential equilibrium (English)
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1986
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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.
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metastrategy
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perfect sequential equilibrium
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0.8577229380607605
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0.8330790400505066
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0.8195765614509583
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0.8182114958763123
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0.8133518695831299
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