Tenacious Selection of Nash Equilibrium

Alioğulları Zeynel Harun () and Mehmet Barlo ()
Additional contact information
Alioğulları Zeynel Harun: Central Bank of the Republic of Turkey, Istiklal Cad. 10, Ulus, 06100 Ankara, Turkey FASS, Sabancı University, Orhanlı, Tuzla, 34956, Istanbul, Turkey

The B.E. Journal of Theoretical Economics, 2016, vol. 16, issue 2, 633-647

Abstract: We propose a complexity measure and an associated refinement based on the observation that best responses with more variations call for more precise anticipation. The variations around strategy profiles are measured by considering the cardinalities of players’ pure strategy best responses when others’ behavior is perturbed. After showing that the resulting selection method displays desirable properties, it is employed to deliver a refinement: the tenacious selection of Nash equilibrium. We prove that it exists; does not have containment relations with perfection, properness, persistence and other refinements; and possesses some desirable features.

Keywords: anticipation; complexity; refinements of Nash equilibrium; perfect; proper; persistent (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/bejte-2015-0055 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:bejtec:v:16:y:2016:i:2:p:633-647:n:10

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/bejte/html

DOI: 10.1515/bejte-2015-0055

Access Statistics for this article

The B.E. Journal of Theoretical Economics is currently edited by Burkhard C. Schipper

More articles in The B.E. Journal of Theoretical Economics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().