5. Perfect Bayesian Equilibrium: Requirement 1 (Game Theory Playlist 10)

With this episode we start describing a very important solution concept for extensive form games with incomplete information: Perfect Bayesian Equilibrium (also known as PBE). This equilibrium concept requires several key concepts, which we will describe each in the next six episodes. It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.