Abstract
Although the definition of sequential equilibrium can be applied without change to games of imperfect recall, doing so leads to arguably inappropriate results. We redefine sequential equilibrium so that the definition agrees with the standard definition in games of perfect recall while still giving reasonable results in games of imperfect recall. The definition can be viewed as trying to capture a notion of ex ante sequential equilibrium. The picture here is that players choose their strategies before the game starts and are committed to it, but they choose it in such a way that it remains optimal even off the equilibrium path. A notion of interim sequential equilibrium is also considered.
| Original language | English GB |
|---|---|
| Article number | 3485002 |
| Journal | ACM Transactions on Economics and Computation |
| Volume | 9 |
| Issue number | 4 |
| DOIs | |
| State | Published - Dec 2021 |
| Externally published | Yes |
Keywords
- Absentmindedness
- imperfect recall
- sequential equilibrium
ASJC Scopus subject areas
- Computer Science (miscellaneous)
- Statistics and Probability
- Economics and Econometrics
- Marketing
- Computational Mathematics
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