Dufwenberg, Martin; Stegeman, Mark - In: Econometrica 70 (2002) 5, pp. 2007-2023
Iterated elimination of strictly dominated strategies is an order dependent procedure. It can also generate spurious Nash equilibria, fail to converge in countable steps, or converge to empty strategy sets. If best replies are well-defined, then spurious Nash equilibria cannot appear; if...