Payoff-dependent mistakes and q-resistant equilibrium

Kang-Oh Yi

Economics Letters, 2009, vol. 102, issue 2, 99-101

Abstract: This paper proposes an extension of p-dominance called q-resistant equilibrium, which has the largest resistance to payoff-dependent mistakes. The selection could differ from the risk-dominant equilibrium, and a sufficient condition for a q-resistant equilibrium to follow risk-dominance is provided.

Keywords: Payoff-dependent; mistakes; Equilibrium; selection (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:102:y:2009:i:2:p:99-101

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