Date of this Version
January 2002
Document Type
Research Report
Abstract
A simple example is used to illustrate one clear distinction between perfect equilibrium and sequential equilibrium. Perfect equilibrium has a lexicographic preference for shorter paths of play. We use this example to disprove the conjecture that: in a game of perfect information, every subgame perfect equilibrium is a perfect equilibrium.
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Publication Details
Jeffrey J. Kline (2002) Perfect equilibrium has a lexicographic preference for shorter paths of play
School of Business Working Paper ; No. 2, Jan. 30, 2002
© Copyright Jeffrey J. Kline and the School of Business, Bond University