Interim correlated rationalizability
Abstract
This paper proposes the solution concept of interim correlated rationalizability, and shows that all types that have the same hierarchies of beliefs have the same set of interim-correlated-rationalizable outcomes. This solution concept characterizes common certainty of rationality in the universal type space.Download Info
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Article provided by Econometric Society in its journal Theoretical Economics.
Volume (Year): 2 (2007)
Issue (Month): 1 (March)
Pages: 15-40
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Web page: http://econtheory.org
Related research
Keywords: Rationalizability; incomplete information; common certainty; common knowledge; universal type space;Other versions of this item:
- Eddie Dekel & Drew Fudenberg & Stephen Morris, 2006. "Interim Correlated Rationalizability," Levine's Bibliography 122247000000001188, UCLA Department of Economics.
- Morris, Stephen & Dekel, Eddie & Fudenberg, Drew, 2007. "Interim Correlated Rationalizability," Scholarly Articles 3196333, Harvard University Department of Economics.
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
References
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