Method evidence record
Subgame Perfect Equilibrium
Subgame Perfect Equilibrium (SPE) is a refinement of Nash Equilibrium for sequential games, introduced by Reinhard Selten in 1965. It requires that strategy profiles constitute a Nash Equilibrium in every subgame, eliminating non-credible threats and incredible promises. Backward induction is the primary computational method for finding SPE in finite games.
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Subgame Perfect Equilibrium (SPE) with Backward Induction
Taxonomic method record · ml-model / game-theory
- Selten, R. (1965). Spieltheoretische Behandlung eines Oligopolmodells mit Nachfrageträgheit. Zeitschrift für die gesamte Staatswissenschaft, 121, 301-324. · URL
- von Stackelberg, H. (1934). Marktform und Gleichgewicht. Julius Springer. · URL
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