Construct · 1 fields · 1 citations

perfect Bayesian equilibrium: a standalone construct

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Game theory

an equilibrium in dynamic games of incomplete information where strategies are optimal given beliefs updated by Bayes' rule wherever possible.

In game theory, perfect Bayesian equilibrium refers to an equilibrium in dynamic games of incomplete information where strategies are optimal given beliefs updated by Bayes' rule wherever possible. This meaning comes from Fudenberg (1991) in Journal of Economic Theory.[1]

Unit
Recovery means
Measured by

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Nearby constructs

Bayes' theorem1 fields · 1 citationsanchor · a standalone construct Bayesian Nash equilibrium1 fields · 1 citationsanchor · a standalone construct equilibrium4 fields · 4 citationsjingle · one word, four constructs

References

Fudenberg, D., & Tirole, J. (1991). Perfect Bayesian equilibrium and sequential equilibrium. Journal of Economic Theory, 53(2), 236-260. https://doi.org/10.1016/0022-0531(91)90155-w

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