Fall back proper equilibrium

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Abstract

Proper equilibrium plays a prominent role in the literature on non-cooperative games. The underlying thought experiment in which the players play a passive role 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 introduce a more active role for the players, leading to the refinement of fall back proper equilibrium.
Original languageEnglish
Pages (from-to)402-412
JournalTop
Volume25
Issue number2
DOIs
Publication statusPublished - Jul 2017

Keywords

  • proper equilibrium
  • fall back proper equilibrium

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