Perfect and limit admissible perfect equilibria in discontinuous games

Oriol Carbonell-Nicolau

Journal of Mathematical Economics, 2011, vol. 47, issue 4-5, 531-540

Abstract: We compare the properties of several notions of trembling-hand perfection within classes of compact, metric, and possibly discontinuous games, and show that in the presence of payoff discontinuities, standard notions of trembling-hand perfection fail a weakening of admissibility termed limit admissibility. We also provide conditions ensuring the existence of a limit admissible perfect equilibrium.

Keywords: Trembling-hand perfect equilibrium; Limit admissibility; Discontinuous game; Infinite normal-form game; Payoff security (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:47:y:2011:i:4:p:531-540

DOI: 10.1016/j.jmateco.2011.05.005

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