Sadanand, Asha B; Sadanand, Venkatraman - In: Bulletin of Economic Research 47 (1995) 2, pp. 93-113
In any Nash equilibrium no player will unilaterally deviate. However, many games have multiple Nash equilibria. In this paper, we survey some refinements of Nash equilibria based on the hypothesis that any player may consider a deliberate deviation from a Nash equilibrium vector while expecting...