Payoff-dependent mistakes and q-resistant equilibrium

This paper proposes an extension of p-dominance called q-resistant equilibrium, which has the largest resistance to payoff-dependent mistakes. The selection could differ from the risk-dominant equilibrium, and a sufficient condition for a q-resistant equilibrium to follow risk-dominance is provided.

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Year of publication:	2009
Authors:	Yi, Kang-Oh
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 102.2009, 2, p. 99-101
Publisher:	Elsevier
Subject:	Payoff-dependent mistakes Equilibrium selection

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005288166