This paper studies the notion of Strategic Stability (Kohlberg and Mertens (Econometrica, 1986, 54, 1003-1039)) in games with compact metric spaces of pure strategies and continuous payoff functions. It is shown that stable sets exist and satisfy versions of the properties of admissibility, forward induction and elimination of dominated strategies.
- Forward induction
- Perfect equilibria
- Strategic stability
ASJC Scopus subject areas
- Sociology and Political Science
- Social Sciences(all)
- Statistics, Probability and Uncertainty