game theory homework help: on-equilibrium and off-equilibrium?
I have no idea what on and off equilibrium are. I have be going to lecture and I couldn't find anything in the index of our text book or much on google.
my homework problem is: Problem 5: Explain what “On Equilibirum” and “Off Equilibirum” mean (for any game, not just the Prisoners’ Dilemma) and why one needs to use the 1-SDP for both of these phases to verify whether a strategy profile is an SPE. also, she spelled them wrong so idk what is going on. any help would be great, thanks, its due april 23rd |
Re: game theory homework help: on-equilibrium and off-equilibrium?
and in case you are rusty
SPE - subgame perfect equilibrium 1SDP - one step deviation property |
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