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Subgame-perfect Nash equilibria (SPNEs): Group of answer choices Do not consider off-path subgames because these subgames do not happen. Are all the strategy profiles in
Subgame-perfect Nash equilibria (SPNEs): Group of answer choices Do not consider "off-path" subgames because these subgames do not happen. Are all the strategy profiles in which no player has a unilateral incentive to deviate. Are all the strategy profiles in which all players play their best responses. Can be found by backward induction
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Economics
Authors: Paul A. Samuelson, William Nordhaus
19th edition
978-0073511290, 73511293, 978-0073344232, 73344230, 978-007351129
