Showing 151 - 160 of 63,792
We prove that, in all finite generic extensive-form games of perfect information, a continuous-time best response dynamic always converges to a Nash equilibrium component. We show the robustness of convergence by an approximate best response dynamic: whatever the initial state and an allowed...
Persistent link: https://www.econbiz.de/10009764521
Persistent link: https://www.econbiz.de/10009765274
Persistent link: https://www.econbiz.de/10009769606
Persistent link: https://www.econbiz.de/10009751521
We prove the existence of a trembling-hand perfect equilibrium within a class of compact, metric, and possibly discontinuous games. Our conditions for existence are easily verified in a variety of economic games.
Persistent link: https://www.econbiz.de/10009752425
Persistent link: https://www.econbiz.de/10009752715
Persistent link: https://www.econbiz.de/10009729521
Persistent link: https://www.econbiz.de/10009731624
Persistent link: https://www.econbiz.de/10009690124
Persistent link: https://www.econbiz.de/10009620337