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- W2085120382 abstract "This paper relates infinite-action (continuous) games of perfect information to finite-action approximations of such games and thereby obtains a new existence proof for subgame-perfect equilibrium (SPE) in the infinite-action case. Accumulation points of SPE paths of approximating finite-action games are shown to be SPE paths of the limiting infinite-action game. However, no such upper hemi-continuity property holds for SPE strategies. The discontinuity in strategies corresponds to a need for forward induction in the SPE construction for the infinite-action game, thus conflicting with the Harsanyi-Selten principle of subgame-consistency." @default.
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- W2085120382 date "1990-12-01" @default.
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- W2085120382 title "Subgame perfect equilibrium in continuous games of perfect information: An elementary approach to existence and approximation by discrete games" @default.
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- W2085120382 doi "https://doi.org/10.1016/0022-0531(90)90039-m" @default.
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