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Persistent link: https://www.econbiz.de/10003501447
We study incomplete information games with ambiguity averse players. Our focus is on equilibrium concepts satisfying sequential optimality each player's strategy is optimal at each information set given opponents' strategies. We show sequential optimality, which does not make any explicit...
Persistent link: https://www.econbiz.de/10011906364
Persistent link: https://www.econbiz.de/10012421709
We propose a new farsighted solution concept for abstract games, the Subgame Perfect Consistent Set (SPCS), based on consistency in the spirit of the von Neumann Morgenstern solution and on subgame perfect equilibrium. Rather than follow constructs such as indirect dominance, farsighted players...
Persistent link: https://www.econbiz.de/10014264769