Proper equilibrium | |
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Solution concept in game theory | |
Relationship | |
Subset of | Trembling hand perfect equilibrium |
Significance | |
Proposed by | Roger B. Myerson |
Proper equilibrium is a refinement of Nash Equilibrium by Roger B. Myerson. Proper equilibrium further refines Reinhard Selten's notion of a trembling hand perfect equilibrium by assuming that more costly trembles are made with significantly smaller probability than less costly ones.