Stability, sequential rationality, and subgame consistency

被引：3
|
作者：
Huang, Sheng-Chieh
Luo, Xiao [1 ]
机构：
[1] Acad Sinica, Inst Econ, Taipei 115, Taiwan
[2] Natl Taiwan Univ, Inst Econ, Taipei 100, Taiwan
来源：
ECONOMIC THEORY | 2008年 / 34卷 / 02期
基金：
英国经济与社会研究理事会;
关键词：
sequential rationality; subgame consistency; stable sets; SSE;
D O I：
10.1007/s00199-006-0187-2
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper we analyze dynamic strategic behavior by means of the idea of "stability." We develop a solution concept of "sequentially stable equilibrium (SSE)" that satisfies subgame consistency. All SSEs are characterized by the largest stable set that yields exactly all the backward induction outcomes. We also provide a refinement of the SSE. We compare the SSE and its refinement with some existing solution concepts in the literature.
引用
收藏
页码：309 / 329
页数：21
相关论文
共 50 条
  • [21] TIME CONSISTENCY AND SUBGAME PERFECT EQUILIBRIA IN A MONETARY-POLICY GAME
    MCTAGGART, D
    SALANT, D
    JOURNAL OF MACROECONOMICS, 1989, 11 (04) : 575 - 588
  • [22] FROM RATIONALITY AND CONSISTENCY TO BAYESIAN PROBABILITY
    SMITH, CR
    ERICKSON, G
    MAXIMUM ENTROPY AND BAYESIAN METHODS /, 1989, 36 : 29 - 44
  • [23] Sequential Rationality in Cryptographic Protocols
    Gradwohl, Ronen
    Livne, Noam
    Rosen, Alon
    2010 IEEE 51ST ANNUAL SYMPOSIUM ON FOUNDATIONS OF COMPUTER SCIENCE, 2010, : 623 - 632
  • [24] Sequential rationality in cryptographic protocols
    Gradwohl, Ronen
    Livne, Noam
    Rosen, Alon
    ACM Transactions on Economics and Computation, 2013, 1 (01)
  • [25] THE ROLE OF BOUNDED RATIONALITY AND IMPERFECT INFORMATION IN SUBGAME PERFECT IMPLEMENTATION-AN EMPIRICAL INVESTIGATION
    Aghion, Philippe
    Fehr, Ernst
    Holden, Richard
    Wilkening, Tom
    JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION, 2018, 16 (01) : 232 - 274
  • [26] On the definition of sequential consistency
    Sezgin, A
    Gopalakrishnan, G
    INFORMATION PROCESSING LETTERS, 2005, 96 (06) : 193 - 196
  • [27] Regular Sequential Serializability and Regular Sequential Consistency
    Helt, Jeffrey
    Burke, Matthew
    Levy, Amit
    Lloyd, Wyatt
    PROCEEDINGS OF THE 28TH ACM SYMPOSIUM ON OPERATING SYSTEMS PRINCIPLES, SOSP 2021, 2021, : 163 - 179
  • [28] STABILITY AND COLLECTIVE RATIONALITY
    LENSBERG, T
    ECONOMETRICA, 1987, 55 (04) : 935 - 961
  • [29] Hindsight and Sequential Rationality of Correlated Play
    Morrill, Dustin
    D'Orazio, Ryan
    Sarfati, Reca
    Lanctot, Marc
    Wright, James R.
    Greenwald, Amy R.
    Bowling, Michael
    THIRTY-FIFTH AAAI CONFERENCE ON ARTIFICIAL INTELLIGENCE, THIRTY-THIRD CONFERENCE ON INNOVATIVE APPLICATIONS OF ARTIFICIAL INTELLIGENCE AND THE ELEVENTH SYMPOSIUM ON EDUCATIONAL ADVANCES IN ARTIFICIAL INTELLIGENCE, 2021, 35 : 5584 - 5594
  • [30] Sequential Stackelberg Games with bounded rationality
    Karwowski, Jan
    Mandziuk, Jacek
    Zychowski, Adam
    APPLIED SOFT COMPUTING, 2023, 132
12345