Proper equilibrium

Proper equilibrium
Solution concept in game theory
Relationship
Subset ofTrembling hand perfect equilibrium
Significance
Proposed byRoger B. Myerson

Proper equilibrium is a refinement of Nash Equilibrium by Roger B. Myerson. Proper equilibrium further refines Reinhard Selten's notion of a trembling hand perfect equilibrium by assuming that more costly trembles are made with significantly smaller probability than less costly ones.

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