The static or dynamic notions of equilibrium
proposed in game theory can be justified from two
perspectives. From an educational point of view,
equilibrium results from the sole reasoning of hyperintelligent players who have a common knowledge of the
structure of the game and their respective rationalities.
If the rationalizable equilibrium or the correlated
equilibrium are easily justified, the Nash equilibrium is
obtained only under very drastic conditions; as for the
perfect equilibrium, its justification is very sensitive to
the hypotheses made. From the evolutionist point of
view, balances result from the convergence of a process
of learning or evolution of players in limited rationality,
but observing the past course of the game. The Nash
equilibrium, at least in pure strategies, is often obtained
as an asymptotic state and some of its refinements can
even be selected; the perfect balance is also justified
under very extensive conditions