Refinements of sequential equilibrium in a legal settlements game
ResearchPublished 1987
This paper applies several refinements of sequential equilibrium to a signaling game of legal settlement, in which the informed plaintiff has a continuum of pure strategies. The principal results are that (1) such refinements can greatly reduce the scope of equilibrium behavior; (2) there is no necessary connection between divine and perfect equilibria; and (3) perfect, divine, and proper equilibria of games with continuous pure strategy spaces may use weakly dominated strategies with positive probability.
Document Details
- Copyright: RAND Corporation
- Availability: Available
- Year: 1987
- Print Format: Paperback
- Paperback Pages: 33
- Paperback Price: $20.00
- Document Number: P-7212-1
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Cave, Jonathan, Refinements of sequential equilibrium in a legal settlements game, RAND Corporation, P-7212-1, 1987. As of September 11, 2024: https://www.rand.org/pubs/papers/P7212-1.html
Cave, Jonathan, Refinements of sequential equilibrium in a legal settlements game. Santa Monica, CA: RAND Corporation, 1987. https://www.rand.org/pubs/papers/P7212-1.html. Also available in print form.
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