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Interim Rationalizability

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Author Info
Eddie Dekel
Drew Fudenberg
Stephen Morris

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Abstract

This paper proposes the solution concept of interim rationalizability, and shows that all type spaces that have the same hierarchies of beliefs have the same set of interim rationalizable outcomes. This solution concept characterizes common knowledge of rationality in the universal type space.

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File URL: http://econweb.fas.harvard.edu/hier/2005papers/HIER2064.pdf
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Paper provided by Harvard - Institute of Economic Research in its series Harvard Institute of Economic Research Working Papers with number 2064.

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Date of creation: 2005
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Handle: RePEc:fth:harver:2064

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Web page: http://post.economics.harvard.edu/hier/
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References listed on IDEAS
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  1. Aumann, Robert J, 1987. "Correlated Equilibrium as an Expression of Bayesian Rationality," Econometrica, Econometric Society, vol. 55(1), pages 1-18, January. [Downloadable!] (restricted)
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Cited by:
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  1. Dirk Bergemann & Stephen Morris, 2005. "Robust Implementation: The Role of Large Type Spaces," Cowles Foundation Discussion Papers 1519, Cowles Foundation, Yale University. [Downloadable!]
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  2. Pierpaolo Battigalli, . "Rationalization in Signaling Games: Theory and Applications," Working Papers 275, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University. [Downloadable!]
  3. Eddie Dekel & Drew Fudenberg, 2006. "Topologies on Type," Discussion Papers 1417, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
    Other versions:
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This page was last updated on 2008-7-1.

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