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...

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...

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

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 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...

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

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...

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...

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...

choose in equilibrium not to do so. Cheap talk can, in general, be added to any game and has the potential to enhance the set of possible equilibrium outcomes...

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...

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

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...

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

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

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...

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;...

other player). The game has a mixed-strategy Nash equilibrium; when both players play equilibrium strategies, the first player should expect to lose...

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...

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...

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

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)...

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