AGM-consistency and perfect Bayesian equilibrium. Part I: Definition and properties

We provide a general notion of perfect Bayesian equilibrium which can be applied to arbitrary extensive-form games and is intermediate between subgame-perfect equilibrium and sequential equilibrium. The essential ingredient of the proposed definition is the qualitative notion of AGM-consistency, which has an epistemic justification based on the AGM theory of belief revision.

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Year of publication:	2010
Authors:	Bonanno, Giacomo
Publisher:	Davis, CA : University of California, Department of Economics
Subject:	belief revision \| plausibility order \| consistency \| subgame-perfect \| equilibrium \| sequential equilibrium \| Bayesian updating

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Series:	Working Paper ; 10-17
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	717272648 [GVK] hdl:10419/58388 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010282101