Backward induction in games without perfect recall

John Hillas and Dmitriy Kvasov

Games and Economic Behavior, 2020, vol. 124, issue C, 207-218

Abstract: The equilibrium concepts that we now think of as various forms of backwards induction, namely, subgame perfect equilibrium (Selten, 1965), perfect equilibrium (Selten, 1975), sequential equilibrium (Kreps and Wilson, 1982), and quasi-perfect equilibrium (van Damme, 1984), while formally well defined in a wider class of games, are explicitly restricted to games with perfect recall.

Keywords: Extensive form games; Perfect recall; Linear games; Sequential equilibrium; Quasi-perfect equilibrium; Subgame perfect equilibrium; Perfect equilibrium (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:124:y:2020:i:c:p:207-218

DOI: 10.1016/j.geb.2020.08.011

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