Chapter 41 Strategic equilibrium
@article{Damme2002Chapter4S, title={Chapter 41 Strategic equilibrium}, author={E. Damme}, journal={Handbook of Game Theory With Economic Applications}, year={2002}, volume={3}, pages={1521-1596} }
Abstract This chapter of the Handbook of Game Theory (Vol. 3) provides an overview of the theory of Nash equilibrium and its refinements. The starting-point is the rationalistic approach to games and the question whether there exists a convincing, self-enforcing theory of rational behavior in non-cooperative games. Given the assumption of independent behavior of the players, it follows that a self-enforcing theory has to prescribe a Nash equilibrium, i.e., a strategy profile such that no player… CONTINUE READING
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