Admissibility and Stability

نویسنده

  • Robert Wilson
چکیده

Admissibility is a useful criterion for selecting among equilibria, but I argue that enforcing admissibility dilutes the power of stability criteria to select among equilibrium components, and this accounts for anomalous examples of stable sets. Therefore, admissibility should be invoked only when selecting equilibria within a component that is immune to payoff perturbations.

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تاریخ انتشار 1999