Strategic Stability in Poisson Games
Economics
Speaker: | Carlos Pimienta, UNSW, Australian School of Business |
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Date: | Friday 7 February 2014 |
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Time: | 16.15 - 17.45 |
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Location: | Streatham Court B |
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Further details
In Poisson games, an extension of perfect equilibrium based on perturbations of the strategy space does not guarantee that players use admissible actions. This observation suggests that such a class of perturbations is not the correct one. We introduce a new space of perturbations to introduce a definition of perfectness for Poisson games that implies admissibility. Furthermore, we use such a space to define the corresponding strategically stable sets of equilibria. We show that they satisfy existence, admissibility, and iterated deletion of dominated strategies and inferior replies.