Fall back proper equilibrium

• John Kleppe ^[1] ; Peter Borm ^[1] ; Ruud Hendrickx ^[1]
  1. [1] Tilburg University

     Tilburg University

     Países Bajos

     
• Localización: Top, ISSN-e 1863-8279, ISSN 1134-5764, Vol. 25, Nº. 2, 2017, págs. 402-412
• Idioma: inglés
• DOI: 10.1007/s11750-017-0447-2
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• Resumen

  • Proper equilibrium plays a prominent role in the literature on non-cooperative games. The underlying thought experiment in which the players play a passive role is, however, unsatisfying, as it gives no justification for its fundamental idea that severe mistakes are made with a significantly smaller probability than innocuous ones. In this paper, we introduce a more active role for the players, leading to the refinement of fall back proper equilibrium.