ORDER INDEPENDENCE FOR ITERATED WEAK DOMINANCE

Citation
Lm. Marx et Jm. Swinkels, ORDER INDEPENDENCE FOR ITERATED WEAK DOMINANCE, Games and economic behavior, 18(2), 1997, pp. 219-245
Citations number
11
Categorie Soggetti
Economics
Journal title
ISSN journal
08998256
Volume
18
Issue
2
Year of publication
1997
Pages
219 - 245
Database
ISI
SICI code
0899-8256(1997)18:2<219:OIFIWD>2.0.ZU;2-P
Abstract
In general, the result of the elimination of weakly dominated strategi es depends on order. We define nice weak dominance. Under nice weak do minance, order does not matter. We identify an important class of game s under which nice weak dominance and weak dominance are equivalent, a nd so the order under weak dominance does not matter. For all games, t he result of iterative nice weak dominance is an upper bound on the re sult from any order of weak dominance. The results strengthen the intu itive relationship between backward induction and weak dominance and s hed light on some computational problems relating to weak dominance. ( C) 1997 Academic Press.