Showing 11 - 20 of 215
For two person games, stable sets in the sense of Kohlberg and Mertens and quasi-stable sets in the sense of Hillas are finite. In this paper we present an example to show that these sets are not necessarily finite in games with more than two players.
Persistent link: https://www.econbiz.de/10005371490
By a player splitting we mean a mechanism that distributes the information sets of a player among so-called agents. A player splitting is called independent if each path in the game tree contains at most one agent of every player. Following Mertens (1989), a solution is said to have the player...
Persistent link: https://www.econbiz.de/10005375578
Persistent link: https://www.econbiz.de/10005338076
Hillas (1990) introduced a definition of strategic stability based on perturbations of the best reply correspondence that satisfies all of the requirements given by Kohlberg and Mertens (1986). Hillas et al. (2001) point out though that the proofs of the iterated dominance and forward induction...
Persistent link: https://www.econbiz.de/10005155664
Persistent link: https://www.econbiz.de/10005929963
Persistent link: https://www.econbiz.de/10005954524
Persistent link: https://www.econbiz.de/10006015330
Persistent link: https://www.econbiz.de/10006670217
Persistent link: https://www.econbiz.de/10006418791
Persistent link: https://www.econbiz.de/10007175573