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    Player III's off-path action constitutes a credible threa... — Carmelics
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    Challenges→The fourth Nash Equilibrium (R, r2, r3) arises because Player III's entire information set is off the path of play when Player I plays R and Player II plays r2, making Player III's action inconsequential to the outcome.

    Player III's off-path action constitutes a credible threat only if it is a best response given some coherent belief system over the unreached information set.

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    Social Contract1 linkedConsequentialism1 linked

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