Inefficient stage Nash is not stable
It is shown that, in infinitely-repeated games between two arbitrarily patient players, strategy profiles with inefficient pure stage-Nash continuations are not strategically stable (Kohlberg and Mertens, 1986). By contrast, a set of strategy profiles similar to the Prisoners' Dilemma's “p...
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| Format: | Journal article |
| Sprog: | English |
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Elsevier
2018
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