A Digital Library for Microeconomics Education

Copyright © 2006 Experimental Economics Center, Georgia State University. All rights reserved.

What is an Equilibrium in Game Theory

Solution concepts for reaching an equilibrium

  • Dominated Strategies
  • Iterated Deletion of Dominated Strategies
  • Nash Equilibrium in Pure Strategies
  • Nash Equilibrium in Mixed Strategies
  • Backward induction as a Solution Concept for Dynamic Games
  • Perfect Bayesian Equilibrium a solution method for Dynamic Games of Incomplete Information

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