CFDP 777

On Finitely Repeated Games and Pseudo-Nash Equilibria

Author(s): 

Publication Date: October 1985

Pages: 28

Abstract: 

In this paper we propose a pseudo-Nash equilibrium for N-person games in which very simply we allow play in the last period to be arbitrary, but otherwise it must conform to the (perfect) Nash optimality criterion.

Keywords: 

Pseudo-Nash equilibrium, Arbitrary last period play, Overlapping generations economies, Radner’s definition, “Crazy equilibrium”

JEL Classification Codes:  026