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Observable implications of Nash and subgame-perfect behavior in extensive games

Indrajit Ray () and Susan Snyder ()

Journal of Mathematical Economics, 2013, vol. 49, issue 6, 471-477

Abstract: We provide necessary and sufficient conditions for observed outcomes in extensive game forms, in which preferences are unobserved, to be rationalized first, weakly, as a Nash equilibrium and then as the unique subgame-perfect equilibrium. Thus, one could use these conditions to find that play is (a) consistent with subgame-perfect equilibrium, or (b) not consistent with subgame-perfect behavior but is consistent with Nash equilibrium, or (c) consistent with neither.

Keywords: Revealed preference; Consistency; Subgame-perfect equilibrium (search for similar items in EconPapers)
Date: 2013
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Related works:
Working Paper: Observable Implications of Nash and Subgame-Perfect Behavior in Extensive Games (2013) Downloads
Working Paper: Observable Implications of Nash and Subgame- Perfect Behavior in Extensive Games (2013) Downloads
Working Paper: Observable implications of Nash and subgame-perfect behavior in extensive games (2004) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:49:y:2013:i:6:p:471-477

DOI: 10.1016/j.jmateco.2013.08.008

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