Arbeitspapier
On Finding Curb Sets in Extensive Games
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.
- Sprache
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Englisch
- Erschienen in
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Series: Tinbergen Institute Discussion Paper ; No. 03-098/1
- Klassifikation
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Wirtschaft
Noncooperative Games
- Thema
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rationalizability
stochastic stability
Spieltheorie
Theorie
Extensives Spiel
- Ereignis
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Geistige Schöpfung
- (wer)
-
Pruzhansky, Vitaly
- Ereignis
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Veröffentlichung
- (wer)
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Tinbergen Institute
- (wo)
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Amsterdam and Rotterdam
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Pruzhansky, Vitaly
- Tinbergen Institute
Entstanden
- 2003