A Strategic Foundation for Proper Equilibrium

Research output: Working paperDiscussion paperOther research output

373 Downloads (Pure)

Abstract

Abstract: Proper equilbrium plays an importent role in the literature on non-cooperative games. The underlying thought experiment is, however, unsatisfying, as it gives no justification for its fundamental idea that severe mistakes are made with a significantly smaller probability than innocuous ones. In this paper we provide a justification for this idea based on strategic choices of the players. In this way we provide a strategic foundation for proper equilibrium.
Original languageEnglish
Place of PublicationTilburg
PublisherEconometrics
Number of pages15
Volume2012-093
Publication statusPublished - 2012

Publication series

NameCentER Discussion Paper
Volume2012-093

Keywords

  • proper equilibrium
  • fall back proper equilibrium

Fingerprint

Dive into the research topics of 'A Strategic Foundation for Proper Equilibrium'. Together they form a unique fingerprint.

Cite this