Structural Consistency, Consistency, and Sequential Rationality.

Article OPEN
Kreps, David M; Ramey, Garey;
(1987)
  • Journal: Econometrica,volume 55,issue 6 November,pages1,331-48

Sequential equilibria comprise consistent beliefs and a sequentially ra tional strategy profile. Consistent beliefs are limits of Bayes ratio nal beliefs for sequences of strategies that approach the equilibrium strategy. Beliefs are structurally consistent if they are ... View more
Share - Bookmark