Robust equilibrium outcomes in sequential games under almost common certainty of payoffs

A-Tier
Journal: Journal of Economic Theory
Year: 2020
Volume: 188
Issue: C

Authors (2)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We analyze the robustness of equilibria in sequential games when there is almost common certainty of payoffs. We show that a generic extensive-form game may have no robust equilibrium behavior, but has at least one robust equilibrium outcome, which is induced by a proper equilibrium in its normal-form representation. Therefore, backward induction leads to a unique robust outcome in a generic perfect-information game. We also discuss close relation between robustness to incomplete information and strategic stability. Finally, we present the implications of our results for the robustness of subgame-perfect implementation.

Technical Details

RePEc Handle
repec:eee:jetheo:v:188:y:2020:i:c:s0022053118302758
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29