forum.jpg (4424 bytes)     "Inside  every small problem is a large problem struggling to get out."

Rules Forum Contributors [For contributors only]


Experimental Economics
General Equilibrium
Other Topics
Prisoners Dilemma
Zero Sum Games


Thread and Full Text View

Ask a question about: Other Topics
Respond to the question: SubgamePerfect Equilibrium?

03/18/2001 10:42 AM by Brandon;
Hi! A subgame is a game starting at any node (except those which belong to information sets containing 2 or more nods) in the game tree such that no node which follows this starting node is in an information set with a node which does not follow the starting node. Here, the subgame equilibrium can be found by backward induction. The requirement for a perfect equilibrium is that the strategies of the player have to form an equilibrium in any subgame. [Manage messages]

03/18/2001 06:13 AM by name withheld; Subgame-Perfect Equilibrium
Please could you give me an exact definition of this, since my textbook is very vague. [View full text and thread]