That's when you use Bayesian Nash equilibrium or perfect Bayesian equilibrium. No big deal.
48 karma · joined December 12, 2011
But you're right, the other things are important. I eventually get to them in some of the later (and longer) videos, I talk about them in the textbook. The first lesson is a free PDF on my academic website wjspaniel.wordpress.com, so you can check it out if you are interested.
Thanks for the feedback.
William