Abstract
Game theory has proved a useful tool in the study of simple economic models. However, numerous foundational issues remain unresolved. The situation is particularly confusing in respect of the non-cooperative analysis of games with some dynamic structure in which the choice of one move or another during the play of the game may convey valuable information to the other players. Without pausing for breath, it is easy to name at least 10 rival equilibrium notions for which a serious case can be made that here is the “right” solution concept for such games.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Philosophy
Reference57 articles.
1. Reexamination of the perfectness concept for equilibrium points in extensive games
2. Reny P. 1985. “Rationality, Common Knowledge and the Theory of Games.” Mimeo. Princeton University.
3. Rationalizable Strategic Behavior and the Problem of Perfection
4. Harsanyi J. , and Selten R. 1980. “A Non-Cooperative Solution Concept with Cooperative Applications.” Chap. 1. Draft. Center for Research in Management, Berkeley, Cal.
Cited by
467 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献