Characterizing solution concepts in terms of common knowledge of rationality

Characterizing solution concepts in terms of common knowledge of rationality

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Article ID: iaor20171813
Volume: 46
Issue: 2
Start Page Number: 457
End Page Number: 473
Publication Date: May 2017
Journal: International Journal of Game Theory
Authors: ,
Keywords: simulation
Abstract:

Characterizations of Nash equilibrium, correlated equilibrium, and rationalizability in terms of common knowledge of rationality are well known. Analogous characterizations of sequential equilibrium, (trembling hand) perfect equilibrium, and quasi‐perfect equilibrium in n‐player games are obtained here, using earlier results of Halpern characterizing these solution concepts using non‐Archimedean fields.

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