On the belief (in-)dependence of sequential equilibria
Author
Summary, in English
In this paper, we demonstrate that the existence of sequential equilibria may depend on the players holding beliefs which are tailored to the respective equilibrium but otherwise difficult to justify. We also discuss potential remedies. (C) 2011 Elsevier B.V. All rights reserved.
Department/s
Publishing year
2012
Language
English
Pages
504-507
Publication/Series
Economics Letters
Volume
115
Issue
3
Document type
Journal article
Publisher
Elsevier
Topic
- Economics
Keywords
- Beliefs
- Sequential equilibrium
- Existence
Status
Published
ISBN/ISSN/Other
- ISSN: 0165-1765