Lexicographic Probabilities and Equilibrium Refinements

Lawrence Blume, Adam Brandenburger and Eddie Dekel

Econometrica, 1991, vol. 59, issue 1, 81-98

Abstract: This paper develops a decision-theoretic approach to normal-form refinements of Nash equilibrium and provides characterizations of (normal-form) perfect equilibrium and proper equilibrium. The approach relies on a theory of single-person decision-making that is a non-Archimedean version of subjective expected utility theory. Copyright 1991 by The Econometric Society.

Date: 1991
References: Add references at CitEc
Citations: View citations in EconPapers (74)

Downloads: (external link)
http://links.jstor.org/sici?sici=0012-9682%2819910 ... O%3B2-2&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

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:ecm:emetrp:v:59:y:1991:i:1:p:81-98

Ordering information: This journal article can be ordered from
https://www.economet ... ordering-back-issues
econometrica@econometricsociety.org

Access Statistics for this article

Econometrica is currently edited by Guido Imbens

More articles in Econometrica from Econometric Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery (contentdelivery@wiley.com).