An equilibrium sustained by an off-path action that would never be rational given any consistent belief is eliminated by forward induction, undermining the equilibrium's stability.
?Rate how convincing each reason is below to see the overall strength.
No one has weighed in yet. Be the first to share reasons for or against this statement.
Sign in or register to share your perspective on this statement.
The quality of an outcome being resistant to collapse—meaning it will hold up even when players think carefully about whether to stick with it.
equilibrium(Game-theoretic analysis of revolt in networks)
A stable state configuration in which, given the thresholds and knowledge structure, the specified pattern of revolt is sustained because at least the threshold number of players revolt in every relevant state.