Droste, E.J.R.; Kosfeld, M.; Voorneveld, M. - Tilburg University, Center for Economic Research - 1998
a player's beliefs. By imposing a consistency requirement we obtain an equilibrium notion which we call regret …-best responses. Additional properties are studied and the regret equilibrium concept is compared with other game theoretic solution … concepts. The regret equilibrium concept is illustrated by means of interesting examples. It is shown that in the centipede …