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 language | English |
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Pages (from-to) | 402-412 |
Journal | Top |
Volume | 25 |
Issue number | 2 |
DOIs | |
Publication status | Published - Jul 2017 |
Keywords
- proper equilibrium
- fall back proper equilibrium