Title |
Game Theory Course: 4.3: Solution Concepts in Extensive-Form Games
|
Author |
Jim Ratliff |
|
Category
|
Game Theory
|
Subject |
Extensive-form Games |
Type |
Article |
Description |
We define the solution concept of subgame-perfect equilibrium as a refinement of Nash equilibrium that imposes the desired dynamic consistency. A subgame-perfect equilibrium of an extensive-form game is a behavior-strategy profile whose restriction to each subgame is a Nash equilibrium of that subgame. |
URL |
http://www.virtualperfection.com/gametheory/Section4.3.html |
Home URL |
http://www.virtualperfection.com/gametheory/index.html |
