On finding curb sets in extensive games

On finding curb sets in extensive games

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Article ID: iaor20051901
Country: Germany
Volume: 32
Issue: 2
Start Page Number: 205
End Page Number: 210
Publication Date: Jan 2003
Journal: International Journal of Game Theory
Authors:
Abstract:

We characterize strategy sets that are closed under rational behavior (curb) in extensive games of perfect information and finite horizon. It is shown that any such game possesses only one minimal curb set, which necessarily includes all its subgame perfect Nash equilibria. Applications of this result are twofold. First, it lessens computational burden while computing minimal curb sets. Second, it implies that the profile of subgame perfect equilibrium strategies is always stochastically stable in a certain class of games.

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