Fall back proper equilibrium

John Kleppe, Peter Borm and Ruud Hendrickx ()
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John Kleppe: Tilburg University
Ruud Hendrickx: Tilburg University

TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, 2017, vol. 25, issue 2, No 13, 402-412

Abstract: Abstract Proper equilibrium plays a prominent role in the literature on non-cooperative games. The underlying thought experiment in which the players play a passive role is, however, unsatisfying, as it gives no justification for its fundamental idea that severe mistakes are made with a significantly smaller probability than innocuous ones. In this paper, we introduce a more active role for the players, leading to the refinement of fall back proper equilibrium.

Keywords: Proper equilibrium; Fall back proper equilibrium; 91A10 (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/s11750-017-0447-2

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