Definition of Subgame. Meaning of Subgame. Synonyms of Subgame

- In game theory, a subgame perfect equilibrium (or subgame perfect Nash equilibrium) is a refinement of a Nash equilibrium used in dynamic games. A strategy...
- In game theory, a subgame is any part (a subset) of a game that meets the following criteria (the following terms allude to a game described in extensive...
- published it. Friedman's (1971) Theorem concerns the payoffs of certain subgame-perfect Nash equilibria (SPE) of an infinitely repeated game, and so strengthens...
- game theory, a variant of backward induction is a method used to compute subgame perfect equilibria in sequential games. The difference is that optimization...
- induction is subgame perfection. Backward induction ****umes that all ****ure play will be rational. In subgame perfect equilibria, play in every subgame is rational...
- based on threats that are not 'credible'. In 1965 Reinhard Selten proposed subgame perfect equilibrium as a refinement that eliminates equilibria which depend...
- another means of commitment. The Stackelberg model can be solved to find the subgame perfect Nash equilibrium or equilibria (SPNE), i.e. the strategy profile...
- observed actions is a subgame perfect equilibrium (SPE) if and only if there exist no profitable single deviation for each subgame and every player. In...
- eliminated through backward induction; the remaining equilibria are called subgame perfect Nash equilibria. An example of a non-credible threat is demonstrated...
- but a different number of rounds is called a centipede game. The unique subgame perfect equilibrium (and every Nash equilibrium) of these games results...