Herings, P.J.J.; van den Elzen, A.H. - Tilburg University, Center for Economic Research - 1998
Harsanyi and Selten (1988) have proposed a theory of equilibrium selection that selects a unique Nash equilibrium for any non-cooperative N-person game. The heart of their theory is given by the tracing procedure, a mathematical construction that adjusts arbitrary prior beliefs into equilibrium...