Observable Implications of Nash and Subgame- Perfect Behavior in Extensive Games
Indrajit Ray () and
Susan Snyder ()
Discussion Papers from Department of Economics, University of Birmingham
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, fully, 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)
JEL-codes: C72 C92 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2013-04
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Citations: View citations in EconPapers (6)
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https://repec.cal.bham.ac.uk/pdf/13-15.pdf
Related works:
Journal Article: Observable implications of Nash and subgame-perfect behavior in extensive games (2013) 
Working Paper: Observable Implications of Nash and Subgame-Perfect Behavior in Extensive Games (2013) 
Working Paper: Observable implications of Nash and subgame-perfect behavior in extensive games (2004) 
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Persistent link: https://EconPapers.repec.org/RePEc:bir:birmec:13-15
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