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The consistency principle for games in strategic form
Authors:Bezalel Peleg  Stef Tijs
Affiliation:1. Department of Mathematics, The Hebrew University of Jerusalem, 91904, Jerusalem, Israel
2. Department of Econometrics, Tilburg University, 5000LE, Tilburg, The Netherlands
Abstract:We start with giving an axiomatic characterization of the Nash equilibrium (NE) correspondence in terms of consistency, converse consistency, and one-person rationality. Then axiomatizations are given of the strong NE correspondence, the coalition-proof NE correspondence and the semi-strong NE. In all these characterizations consistency and suitable variants of converse consistency play a role. Finally, the dominant NE correspondence is characterized. We also indicate how to generalize our results to Bayesian and extensive games.
Keywords:
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