Fall back equilibrium

Fall back equilibrium is a refinement of the Nash equilibrium concept. In the underlying thought experiment each player faces the possibility that, after all players decided on their action, his chosen action turns out to be blocked. Therefore, each player has to decide beforehand on a back-up action, which he plays in case he is unable to play his primary action.

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Year of publication:	2012
Authors:	Kleppe, John ; Borm, Peter ; Hendrickx, Ruud
Published in:	European Journal of Operational Research. - Elsevier, ISSN 0377-2217. - Vol. 223.2012, 2, p. 372-379
Publisher:	Elsevier
Subject:	Strategic game \| Equilibrium refinement \| Blocked action \| Fall back equilibrium \| Bimatrix game

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010594992