Computing Perfect Bayesian Equilibria, with Application to Empirical Game-Theoretic Analysis
arXiv:2602.15233v1 Announce Type: new Abstract: Perfect Bayesian Equilibrium (PBE) is a refinement of the Nash equilibrium for imperfect-information extensive-form games (EFGs) that enforces consistency between the two components of a solution: agents’ strategy profile describing their decisions at information sets and the belief system quantifying their uncertainty over histories within an information set. We present a scalable approach for computing a PBE of an arbitrary two-player EFG. We adopt the definition of PBE enunciated by Bonanno in 2011 […]