
doi: 10.1007/bf00125673
Staying power is the ability of a player to hold off choosing a strategy in a two-person game until the other player has selected his, after which the players are assumed to be able to move and countermove sequentially to ensure their best possible outcomes before the process cycles back to the initial outcome and then repeats itself (‘rational termination’). These rules of sequential play induce a determinate, Paretosuperior outcome in all two-person, finite, sequential games in which the preferences of the players are strict.
staying power, Pareto-superior outcome, Multistage and repeated games, rational termination, sequential games, 2-person games
staying power, Pareto-superior outcome, Multistage and repeated games, rational termination, sequential games, 2-person games
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