Making solutions invariant
type: Item
instance of: scholarly article
title: Making solutions invariant
zbMATH Open document ID: 1080.91004
author: A. J. Vermeulen
author: M. J. M. Jansen
author: Jos Potters
published in: International Journal of Game Theory
publication date: 2004-07-07T00:00:00Z
review text: This paper presents a method to modify a non-invariant solution concept in such a way that the resulting solution is invariant. The properties of the solution which are inherited by the modified solution are also analyzed. In particular, the authors show that the modified solution concept inherits all other requirements of Kohlberg-Mertens program satisfied by the original solution concept. See \textit{E. Kohlberg} and \textit{J.-F. Mertens} [Econometrica 54, 1003--1037 (1986; Zbl 0616.90103)]. An example of an alternative way of modification that does not preserve backwards induction is also presented.
reviewed by: Samir Kumar Neogy
Mathematics Subject Classification ID: 91A10
Mathematics Subject Classification ID: 90C31
Mathematics Subject Classification ID: 91B50
Mathematics Subject Classification ID: 93B35
zbMATH DE Number: 2078304
zbMATH Keywords: invariant solution
zbMATH Keywords: stability
zbMATH Keywords: regular solution
zbMATH Keywords: perfect valued
zbMATH Keywords: backwards induction
MaRDI profile type: Publication
OpenAlex ID: W2160680073
DOI: 10.1007/S001820300133
description: scientific article; zbMATH DE number 2078304