Template-Type: ReDIF-Paper 1.0
Author-Name: Giacomo Bonanno
Author-Name-First: Giacomo
Author-Name-Last: Bonanno
Author-Workplace-Name: Department of Economics, University of California Davis
Title: AGM-consistency and perfect Bayesian equilibrium. Part I: definition and properties.
Abstract: We provide a general notion of perfect Bayesian equilibrium which can be applied to arbitrary extensive-form games and is intermediate between subgame-perfect equilibrium and sequential equilibrium. The essential ingredient of the proposed definition is the qualitative notion of AGM-consistency, which has an epistemic justification based on the AGM theory of belief revision.
Length: 23
File-URL: https://repec.dss.ucdavis.edu/files/K6KQMKoXLMsXEsxzcuFPwpYV/10-17.pdf
File-Format: application/pdf
Number: 171
Classification-JEL: C7
KeyWords: belief revision, plausibility order, consistency, subgame-perfect equilibrium, sequential equilibrium, Bayesian updating.
Creation-Date: 20101029
Handle: RePEc:cda:wpaper:171