Sequential equilibrium is a refinement of Nash equilibrium for extensive form games due to David M. Kreps and Robert Wilson. A sequential equilibrium...

Sequential auction Brocas; Carrillo; Sachdeva (2018). "The Path to Equilibrium in Sequential and Simultaneous Games". Journal of Economic Theory. 178: 246–274...

bidding#signaling. Sequential equilibrium - a refinement of PBE, that restricts the beliefs that can be assigned to off-equilibrium information sets to...

strategies under consideration; Sequential rationality: the players choose optimally given their beliefs. Bayesian Nash equilibrium can result in implausible...

perfect equilibrium is also a sequential equilibrium. A normal-form trembling hand perfect equilibrium of an extensive form game may be sequential but is...

theory Quasi-perfect equilibrium, in game theory, a refinement of Nash Equilibrium for extensive form games Sequential equilibrium, in game theory, a refinement...

In game theory, a correlated equilibrium is a solution concept that is more general than the well known Nash equilibrium. It was first discussed by mathematician...

Quasi-perfect equilibrium is a further refinement of sequential equilibrium. It is itself refined by normal form proper equilibrium. It has been argued...

In this coordination game, any place and time in the city could be an equilibrium solution. Schelling asked a group of students this question and found...

dynamic games where players make sequential decisions. A strategy profile is an SPE if it represents a Nash equilibrium in every possible subgame of the...

perfect equilibrium implements a weak version of backward induction, and increasingly stronger versions are sequential equilibrium, perfect equilibrium, quasi-perfect...

game. The most commonly used solution concepts are equilibrium concepts, most famously Nash equilibrium. Many solution concepts, for many games, will result...

Fudenberg, Drew; Tirole, Jean (1991-04-01). "Perfect Bayesian equilibrium and sequential equilibrium". Journal of Economic Theory. 53 (2): 236–260. doi:10...

favored pure strategy equilibrium). It remains unclear how expectations would form that would result in a particular equilibrium being played out. One...

perfect equilibrium implements a weak version of backward induction, and increasingly stronger versions are sequential equilibrium, perfect equilibrium, quasi-perfect...

analysis of sequential games and the development of solution concepts such as subgame perfect equilibrium and perfect Bayesian equilibrium. Information...

each of player 2's strategies in this case. In order to represent this sequential game we must specify all of player 2's actions, even in contingencies...

game has only one unique Nash equilibrium, referred to as a "dominant strategy equilibrium". However, that Nash equilibrium is not necessarily "efficient"...

evaluates its residual demand, and then behaves as a monopoly. The state of equilibrium... is therefore stable; i.e., if either of the producers, misled as to...

example of a dynamic game with complete information is Stackelberg's (1934) sequential-move version of Cournot duopoly. Other examples include Leontief's (1946)...

markets to exist. It is equivalent under complete markets to a sequential equilibrium concept in which spot markets for goods and assets open at each...

adjusting price level to sell that quantity. The outcome of the model equilibrium involved firms pricing above marginal cost; hence, the competitive price...

so-called Showcase Showdown, a sequential game of perfect information, can be well explained by an agent quantal response equilibrium (AQRE) model. Work by Haile...

nothing in equilibrium. So, they have no incentive to bid less. This equilibrium is subgame perfect. There is also a symmetric equilibrium in mixed strategies...

is a term used in game theory and economics to describe a threat in a sequential game that a rational player would not actually carry out, because it would...

of backward induction is used to compute subgame perfect equilibria in sequential games. The difference is that optimization problems involve one decision...

In game theory, the Nash equilibrium is the most commonly used solution concept for non-cooperative games. A Nash equilibrium is a situation where no player...

normal form. Consequently, notions of equilibrium for simultaneous games are insufficient for reasoning about sequential games; see subgame perfection. In...

of mixed strategies and a mixed strategy Nash equilibrium. This game has no pure strategy Nash equilibrium since there is no pure strategy (heads or tails)...

Proper equilibrium is a refinement of Nash Equilibrium by Roger B. Myerson. Proper equilibrium further refines Reinhard Selten's notion of a trembling...