- In game theory, a
subgame perfect equilibrium (SPE), or
subgame perfect Nash
equilibrium (SPNE), is a
refinement of the Nash
equilibrium concept, specifically...
- In game theory, a
subgame is any part (a subset) of a game that
meets the
following criteria (the
following terms allude to a game
described in extensive...
-
published it. Friedman's (1971)
Theorem concerns the
payoffs of
certain subgame-perfect Nash
equilibria (SPE) of an
infinitely repeated game, and so strengthens...
-
induction is
subgame perfection.
Backward induction ****umes that all ****ure play will be rational. In
subgame perfect equilibria, play in
every subgame is rational...
-
based on
threats that are not 'credible'. In 1965
Reinhard Selten proposed subgame perfect equilibrium as a
refinement that
eliminates equilibria which depend...
- analysis. In game theory, a
variant of
backward induction is used to
compute subgame perfect equilibria in
sequential games. The
difference is that optimization...
- game
constitutes a
subgame perfect equilibrium. An SPE is a Nash
equilibrium where no
player has an
incentive to
deviate in any
subgame. It is
closely related...
-
another means of commitment. The
Stackelberg model can be
solved to find the
subgame perfect Nash
equilibrium or
equilibria (SPNE), i.e. the
strategy profile...
- {\displaystyle S\subsetneq N} be a non-empty
coalition of players. The
subgame v S : 2 S → R {\displaystyle v_{S}:2^{S}\to \mathbb {R} } on S {\displaystyle...
- macroeconomics, and
political economy. It is a
refinement of the
concept of
subgame perfect equilibrium to
extensive form
games for
which a pay-off relevant...
