Brandl, Florian; Brandt, Felix - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 4, pp. 1473-1504
We characterize Nash equilibrium by postulating coherent behavior across varying games. Nash equilibrium is the only solution concept that satisfies the following axioms: (i) strictly dominant actions are played with positive probability, (ii) if a strategy profile is played in two games, it is...