An equilibrium refinement provides a way of selecting one or a few equilibria from among many in a game. Each refinement attempts to define
some equilibria as "more likely," "more rational" or "more robust" to deviations by players than others. For example, if one equilibrium
results in all players earning more than another, it may be more likely that the players will coordinate or be naturally drawn to it.
updated: 15 August 2005
current version
HOW TO CITE THIS ENTRY
- To learn more:
- Try the normal-form game solver to automatically calculate equilibria on the applets page.
- Take an online quiz on finding equilibria in games.