We impose three conditions on refinements of the Nash equilibria of finite games with perfect recall that select closed connected subsets, called solutions.
A. Each equilibrium in a solution uses undominated strategies;
B. Each solution contains a quasi-perfect equilibrium;
C. The solutions of a game map to the solutions of an embedded game, where a game is embedded if each players feasible strategies and payoffs are preserved by a multilinear map. We prove for games with two players and generic payoffs that these conditions characterize each solution as an essential component of equilibria in undominated strategies, and thus a stable set as defined by Mertens (1989).
- Faculty
- Publications
- Postdoctoral Scholars
-
Research Labs & Initiatives
- Cities, Housing & Society Lab
- Corporate Governance Research Initiative
- Corporations and Society Initiative
- Golub Capital Social Impact Lab
- Initiative for Financial Decision-Making
- Policy and Innovation Initiative
- Rapid Decarbonization Initiative
- Value Chain Innovation Initiative
- Venture Capital Initiative
- Behavioral Lab
- Data, Analytics & Research Computing