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PBE may refer to: Bayesian game § Perfect Bayesian Equilibrium; Population balance equation; Potential buoyant energy or convective available potential energy (CAPE) President Biden Expressway, a short freeway in Scranton, Pennsylvania; Programming by example, in computing; Password-based encryption; Protective Breathing Equipment, smoke hoods ...
In game theory, a Perfect Bayesian Equilibrium (PBE) is a solution with Bayesian probability to a turn-based game with incomplete information. More specifically, it is an equilibrium concept that uses Bayesian updating to describe player behavior in dynamic games with incomplete information.
PbE is intended to be easier to do than traditional computer programming, which generally requires learning and using a programming language. Many PbE systems have been developed as research prototypes, but few have found widespread real-world application. More recently, PbE has proved to be a useful paradigm for creating scientific work-flows.
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The intuitive criterion is a technique for equilibrium refinement in signaling games.It aims to reduce possible outcome scenarios by restricting the possible sender types to types who could obtain higher utility levels by deviating to off-the-equilibrium messages, and to types for which the off-the-equilibrium message is not equilibrium dominated.