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...

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

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

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...

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

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...

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...

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

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...

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

A Markov perfect equilibrium is an equilibrium concept in game theory. It has been used in analyses of industrial organization, macroeconomics, and political...

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

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...

alternating-offers protocol induces a sequential game. A natural question is what outcomes can be attained in an equilibrium of this game. At first glance, the...

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

game theory, a symmetric equilibrium is an equilibrium where all players use the same strategy (possibly mixed) in the equilibrium. In the Prisoner's Dilemma...

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...

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...

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

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...

and only if S is a Nash equilibrium of G and S is a subgame perfect equilibrium of PG. As an example, consider a sequential version of Battle of the...

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

and they both do better if they coordinate than if they played an off-equilibrium combination of actions. This setup can be extended to more than two strategies...

will result in an overall general equilibrium. General equilibrium theory contrasts with the theory of partial equilibrium, which analyzes a specific part...

The dollar auction is a non-zero sum sequential game explored by economist Martin Shubik to illustrate how a short-sighted approach to rational choice...

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

strategy) a game can have any number of Nash equilibria. Sequential game: A game is sequential if one player performs their actions after another player;...