TY - CHAP
T1 - An extensive game as a guide for solving a normal game
AU - Glazer, Jacob
AU - Rubinstein, Ariel
N1 - Publisher Copyright:
© 2017 by World Scientific Publishing Co. Pte. Ltd.
PY - 2016/1/1
Y1 - 2016/1/1
N2 - We show that for solvable games, the calculation of the strategies which survive iterative elimination of dominated strategies in normal games is equivalent to the calculation of the backward induction outcome of some extensive game. However, whereas the normal game form does not provide information on how to carry out the elimination, the corresponding extensive game does. As a by-product, we conclude that implementation using a subgame perfect equilibrium of an extensive game with perfect information is equivalent to implementation through a solution concept which we call guided iteratively elimination of dominated strategies which requires a uniform order of elimination.
AB - We show that for solvable games, the calculation of the strategies which survive iterative elimination of dominated strategies in normal games is equivalent to the calculation of the backward induction outcome of some extensive game. However, whereas the normal game form does not provide information on how to carry out the elimination, the corresponding extensive game does. As a by-product, we conclude that implementation using a subgame perfect equilibrium of an extensive game with perfect information is equivalent to implementation through a solution concept which we call guided iteratively elimination of dominated strategies which requires a uniform order of elimination.
UR - http://www.scopus.com/inward/record.url?scp=85153669654&partnerID=8YFLogxK
U2 - 10.1142/9789813141339_0001
DO - 10.1142/9789813141339_0001
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AN - SCOPUS:85153669654
SP - 1
EP - 11
BT - Models Of Bounded Rationality And Mechanism Design
PB - World Scientific Publishing Co.
ER -