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    Elimination of weakly dominated strategies refines away t... — Carmelics
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    Supports→Elimination of weakly dominated strategies and correlation are distinct refinements of Nash Equilibrium that favor different solutions

    Elimination of weakly dominated strategies refines away the NE s2-t1

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    Correlation refines away the NE s1-t2Elimination of weakly dominated strategies and correlation are distinct refineme...

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    Any proposed principle for solving games that may have the effect of eliminating one or more NE from consideration as solutions is referred to as a refinement of NE. In the case just discussed, elimination of weakly dominated strategies is one possible refinement, since it refines away the NE s2-t1, and correlation is another, since it refines away the other NE, s1-t2, instead. So which refinement is more appropriate as a solution concept? People who think of game theory as an explanatory and/or

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