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econ.TH2025
A Characterization of Reny's Weakly Sequentially Rational Equilibrium through -Perfect -Weakly Sequentially Rational Equilibrium
Yiyin Cao, Chuangyin Dang
A weakening of sequential rationality of sequential equilibrium yields Reny's (1992) weakly sequentially rational equilibrium (WSRE) in extensive-form games. WSRE requires Kreps an…
econ.TH2025
A Characterization of Nash Equilibrium in Behavioral Strategies through Local Sequential Rationality
Yiyin Cao, Chuangyin Dang
The concept of Nash equilibrium in behavioral strategies (NashEBS) was formulated By Nash~\cite{Nash (1951)} for an extensive-form game through global rationality of nonconvex payo…
econ.TH2025
A Characterization of Sequential Equilibrium through -Perfect -Sequential Equilibrium with Local Sequential Rationality and Its Computation
Yiyin Cao, Chuangyin Dang
Sequential equilibrium requires a consistent assessment and sequential rationality, where the consistent assessment emerges from a convergent sequence of totally mixed behavioral s…