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Behavioral game theory, by contrast, can be understood as a refinement of game theory, though not necessarily of its solution concepts, in a different sense.
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This suggests a possible tradeoff between the simplicity and transparency of a mechanism and the strength of its solution concept when agents are still learning and/or when players are not fully rational.
A key constraint Stirling respects is that the theory's solution concepts (i.e., its equilibria)) must formally generalize the standard solution concepts (NE, SPE, QRE), not replace.
Various commentators suggest that a proper analysis of convention requires one of these alternate solution concepts.
The game-theoretic literature contains numerous solution concepts that either generalize or refine Nash equilibrium.
The central analytic tool of classical game theory are solution concepts.
Usually, solution concepts are different in different games.
The following are some of the solution concepts.
Two selected solution concepts are explained in more detail.
The plurality of bargaining solution concepts that are discussed in bargaining theory is a bad omen in this regard.
NE and SPE are brittle solution concepts when applied to naturally evolved computational mechanisms like animal (including human) brains.
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