Risk Dominance - Notes


  • ^1 A single Nash equilibrium is trivially payoff and risk dominant if it is the only NE in the game.
  • ^2 Similar distinctions between strict and weak exist for most definitions here, but are not denoted explicitly unless necessary.
  • ^3 Harsanyi and Selten (1988) propose that the payoff dominant equilibrium is the rational choice in the stag hunt game, however Harsanyi (1995) retracted this conclusion to take risk dominance as the relevant selection criterion.

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