Construct · 1 fields · 1 citations

proper equilibrium: a standalone construct

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properequilibrium1 CONSTRUCTProper equilibriumMYERSON · GAME THEORY

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Game theory

an equilibrium refinement in which players make costlier mistakes with much smaller probability than cheaper ones.

In game theory, proper equilibrium refers to an equilibrium refinement in which players make costlier mistakes with much smaller probability than cheaper ones. This meaning comes from Myerson (1978) in International Journal of Game Theory.[1]

Unit
Recovery means
Measured by

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Nearby constructs

equilibrium4 fields · 4 citationsjingle · one word, four constructsgame2 fields · 3 citationsjingle · one word, two constructsproper3 fields · 3 citationsjingle · one word, three constructs

References

  1. Myerson, R. B. (1978). Refinements of the Nash equilibrium concept. International Journal of Game Theory, 7(2), 73-80. https://doi.org/10.1007/bf01753236

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