… provides at each juncture an equilibrium in the subgame (of incomplete information) … a
sequential equilibrium recasts and slightly weakens Selten's [15] definition of a perfect equilibrium…

… equilibrium (PSE) if there exists such a set K and beliefs 5 at the out of equilibrium node h’. …
used in applications to reduce the set of sequential equilibria (see for example Grossman [3], …

… that PBE is equivalent to sequential equilibrium) if there are … above is weaker than sequential
equilibrium in the following way. … As we show, sequential equilibrium requires that at every …

… SOME SEQUENTIAL EQUILIBRIA are intuitively unreasonable because they rely on the …
of the sequential equilibrium concept for finite extensive form games by removing equilibria …

… For each particular game form, every perfect equilibrium is sequential. Moreover, … sequential
equilibrium strategy profiles are perfect equilibrium profiles, and all sequential equilibrium …

… The rationality condition of sequential equilibrium … sequential equilibria; obviously M is
useless in both Figure 1 and Figure 2. We shall show that there always exist sequential equilibria …

… izes the competitive equilibria of the dynamic economy where the government tax policy is
fixed (but not necessarily stationary). In Section 4 we define a sequential equilibrium for our …

… In sequential equilibrium, even E players who prefer to … play is roughly like the sequential
equilibrium, except that E players pay … We conclude that sequential equilibrium with homemade …

… respecting equilibrium. The normal-form characterization of the relationship between proper
and sequential equilibria then involves two elements: the connection between sequential-in-…

… In order to analyze it we present in this section a sequential bargaining game and derive its
perfect equilibrium. In a later section we shall incorporate this game into the model and make …