Next Article in Journal / Special Issue
Voting in Three-Alternative Committees: An Experiment
Previous Article in Journal
Behavior in Strategic Settings: Evidence from a Million Rock-Paper-Scissors Games
Previous Article in Special Issue
Luxembourg in the Early Days of the EEC: Null Player or Not?
Article

Ideal Reactive Equilibrium

Department of Economics, University of Guelph, 50 Stone Road East, Guelph, ON N1G 2W1, Canada
Received: 28 December 2018 / Revised: 18 March 2019 / Accepted: 4 April 2019 / Published: 15 April 2019
(This article belongs to the Special Issue Political Economy, Social Choice and Game Theory)
Refinements of the Nash equilibrium have followed the strategy of extending the idea of subgame perfection to incomplete information games. This has been achieved by appropriately restricting beliefs at unreached information sets. Each new refinement gives stricter and more mathematically-complicated limitations on permitted beliefs. A simpler approach is taken here, where the whole idea of beliefs is dispensed with, and a new equilibrium concept, called the ideal reactive equilibrium, that builds on some pioneering work by Amershi, Sadanand and Sadanand on thought process dynamics, is developed. View Full-Text
Keywords: refinements of Nash equilibrium; dynamic games; imperfect information; beliefs refinements of Nash equilibrium; dynamic games; imperfect information; beliefs
Show Figures

Figure 1

MDPI and ACS Style

Sadanand, A. Ideal Reactive Equilibrium. Games 2019, 10, 19. https://0-doi-org.brum.beds.ac.uk/10.3390/g10020019

AMA Style

Sadanand A. Ideal Reactive Equilibrium. Games. 2019; 10(2):19. https://0-doi-org.brum.beds.ac.uk/10.3390/g10020019

Chicago/Turabian Style

Sadanand, Asha. 2019. "Ideal Reactive Equilibrium" Games 10, no. 2: 19. https://0-doi-org.brum.beds.ac.uk/10.3390/g10020019

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop