state the definition of equilibriumthe approach, Business Law and Ethics

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state the definition of equilibriumthe approach

State the Definition of equilibrium

The approach of equilibrium refinements aims at strengthening the definition of equilibrium itself in order to purge others out as possible equilibria. This is attained by putting constraints on how beliefs are formed. Agents are thereby restricted from making incredible policy promises.

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Business Law and Ethics: state the definition of equilibriumthe approach

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Business Law and Ethics: state the definition of equilibriumthe approach

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