On 22 Mar.2019, we welcomed the speaker Dr.Zibo Xu from Singapore Universityof Technology and Design.He is anassistant professor working in the field of game Theory, microeconomic Theory, evolutionary Dynamics, and probability Theory.In the seminar, Dr.Xu presented his last research “Stability of Backward-induction Equilibria”, which tests the stability of the backward-induction equilibrium in a perfect-information extensive-form game by the following three approaches: convergence of an approximate continuous-time best-response dynamic, selection outcome of stochastic stability in a discrete-time best-response dynamic, and the refinement by a tenable block in a consideration-set game. The research shows in some extensive-form games that the backward-induction equilibrium is not the unique stable result by any approach above.
More than 20 teachers and students of the School of Economics and Management have participated in the seminar and discussed the study with Dr.Xu. We are looking forward to the Bi-Week Applied Economics Colloquium next week.
