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Title:AGM-consistency and perfect Bayesian equilibrium. Part I: Definition and properties PDF Logo
Authors:Bonanno, Giacomo
Issue Date:2010
Series/Report no.:Working Papers, University of California, Department of Economics 10,17
Abstract:We provide a general notion of perfect Bayesian equilibrium which can be applied to arbitrary extensive-form games and is intermediate between subgame-perfect equilibrium and sequential equilibrium. The essential ingredient of the proposed definition is the qualitative notion of AGM-consistency, which has an epistemic justification based on the AGM theory of belief revision.
Subjects:belief revision
plausibility order
sequential equilibrium
Bayesian updating
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, UC Davis

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