Trembling hand perfect equilibrium - Wikipedia
ID: bc4e5e6d-a168-49b1-b9a4-3aa62fd3aae1 ROAM_REFS: https://en.wikipedia.org/wiki/Trembling_hand_perfect_equilibrium REVIEW_SCORE: 0.0 MTIME: [2024-12-25 Wed 15:54]
First define a perturbed game. A perturbed game is a copy of a base game, with the restriction that only totally mixed strategies are allowed to be played. A totally mixed strategy is a mixed strategy where every strategy (both pure and mixed) is played with non-zero probability. This is the "trembling hands" of the players; they sometimes play a different strategy, other than the one they intended to play. Then define a strategy set S (in a base game) as being trembling hand perfect if there is a sequence of perturbed games that converge to the base game in which there is a series of Nash equilibria that converge to S.
Note: All completely mixed Nash equilibria are perfect.
Note 2: The mixed strategy extension of any finite normal-form game has at least one perfect equilibrium.[2]
Related: Stability theory and lonely Vickrey
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