The one-shot deviation principle for sequential rationality

Publikation: Bidrag til tidsskriftTidsskriftartikelfagfællebedømt

We present a decentralization result which is useful for practical and theoretical work with sequential equilibrium, perfect Bayesian equilibrium, and related equilibrium concepts for extensive form games. A weak consistency condition is sufficient to obtain an analogy to the well known One-Stage-Deviation Principle for subgame perfect equilibrium
OriginalsprogEngelsk
TidsskriftGames and Economic Behavior
Vol/bind12
Udgave nummer2
Sider (fra-til)274-282
ISSN0899-8256
DOI
StatusUdgivet - 1996

Bibliografisk note

JEL Classification: C72

ID: 3046327