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Da y ya yb - PowerPoint PPT Presentation

North and Thomas -V-

North and Thomas -V-. Credibility. Formal Definition:. A strategy is credible if it is optimal to follow it under all conceivable circumstances A strategy must be optimal even under circumstances that should never arise, given the strategy. Game theory: Subgame perfection. Example.

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Da y ya yb - PowerPoint PPT Presentation

North and Thomas -V-