AGM-consistency and perfect Bayesian equilibrium : part I ; definition and properties

Giacomo Bonanno

We provide a general notion of perfect Bayesian equilibrium which can be applied to arbitrary extensive-form games and is intermediate between subgame-perfect equilibrium and sequential equilibrium. The essential ingredient of the proposed definition is the qualitative notion of AGM-consistency, which has an epistemic justification based on the AGM theory of belief revision. -- belief revision ; plausibility order ; consistency ; subgame-perfect ; equilibrium ; sequential equilibrium ; Bayesian updating

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Year of publication:	2010
Authors:	Bonanno, Giacomo
Publisher:	Davis, Calif. : Dep. of Economics, Univ. of California
Subject:	Gleichgewichtstheorie \| Equilibrium theory \| Bayes-Statistik \| Bayesian inference \| Nash-Gleichgewicht \| Nash equilibrium \| Spieltheorie \| Game theory \| USA \| United States \| Theorie \| Theory \| Gleichgewichtsmodell \| Equilibrium model

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Extent:	Online-Ressource (PDF-Datei: 23 S., 448 KB) graph. Darst.
Series:	Working papers / Department of Economics. - Davis, Calif. : [Verlag nicht ermittelbar], ZDB-ID 2189371-8. - Vol. 10,17
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/58388 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009542513