A Refinement of Sequential Equilibrium Export

@article{cho-1987-e, abstract = {We propose a refinement of sequential equilibrium for extensive form games by generalizing a restriction proposed for signaling games in Cho and Kreps (1987).^2 The restriction is that beliefs must not assign positive weight to the possibilities that can be excluded through reasonable introspection based on the data available as common knowledge. A new technique is developed in order to prove the existence of forward induction equilibrium, which consists of two steps. First, we establish the generic existence of forward induction equilibrium by exploiting the results of Kohlberg and Mertens (1986). Then, we show that the forward induction equilibrium correspondence is upper hemi-continuous in the outcome space with respect to the changes of parameters of the game.}, author = {Cho, In K.}, citeulike-article-id = {3764697}, citeulike-linkout-0 = {http://www.jstor.org/stable/1913561}, journal = {Econometrica}, keywords = {415-1}, number = {6}, pages = {1367--1389}, posted-at = {2008-12-09 21:30:45}, priority = {2}, publisher = {The Econometric Society}, title = {A Refinement of Sequential Equilibrium}, url = {http://www.jstor.org/stable/1913561}, volume = {55}, year = {1987} }

TY - JOUR ID - cho-1987-e L3 - citeulike-article-id:3764697 N2 - We propose a refinement of sequential equilibrium for extensive form games by generalizing a restriction proposed for signaling games in Cho and Kreps (1987).^2 The restriction is that beliefs must not assign positive weight to the possibilities that can be excluded through reasonable introspection based on the data available as common knowledge. A new technique is developed in order to prove the existence of forward induction equilibrium, which consists of two steps. First, we establish the generic existence of forward induction equilibrium by exploiting the results of Kohlberg and Mertens (1986). Then, we show that the forward induction equilibrium correspondence is upper hemi-continuous in the outcome space with respect to the changes of parameters of the game. IS - 6 JF - Econometrica EP - 1389 TI - A Refinement of Sequential Equilibrium PB - The Econometric Society VL - 55 SP - 1367 KW - 415-1 AU - Cho, In PY - 1987/// UR - http://www.jstor.org/stable/1913561 ER -