M equilibrium is a set valued solution concept in game theory that relaxes the rational choice assumptions of perfect maximization ("no mistakes") and perfect beliefs ("no surprises"). The concept can be applied to any normal-form game with finite and discrete strategies.
M equilibrium is a set valued solution concept in game theory that relaxes the rational choice assumptions of perfect maximization ("no mistakes") and perfect beliefs ("no surprises"). The concept can be applied to any normal-form game with finite and discrete strategies.
Source: Wikipedia "M equilibrium" · CC BY-SA 4.0
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