A characterization of quasi-perfect equilibria

B-Tier
Journal: Games and Economic Behavior
Year: 2020
Volume: 122
Issue: C
Pages: 240-255

Authors (3)

Gatti, Nicola (not in RePEc) Gilli, Mario (Università degli Studi di Mila...) Marchesi, Alberto (not in RePEc)

Score contribution per author:

0.673 = (α=2.02 / 3 authors) × 1.0x B-tier

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

Abstract

We provide a characterization of quasi-perfect equilibria in n-player games, showing that any quasi-perfect equilibrium can be obtained as limit point of a sequence of Nash equilibria of a certain class of perturbed games in sequence form, and any limit point of a sequence of Nash equilibria of these perturbed games is a quasi-perfect equilibrium. We prove that, in games with three or more players, we need trembles defined as rational functions of the perturbation magnitude ε, whereas, in two-player games with nature, trembles expressed in terms of polynomial functions of ε suffice. Exploiting the relationship between sequence form and extensive form, we also provide a similar characterization in terms of perturbed games in extensive form, though not compliant with Selten's definition of perturbed game.

Technical Details

RePEc Handle
repec:eee:gamebe:v:122:y:2020:i:c:p:240-255
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25