Rationalizability for Social Environments
Social environments constitute a framework in which it is possible to study how groups of agents interact in a society. The framework is general enough to analyse both non-cooperative and cooperative games. We identify a number of shortcomings of existing solution concepts that are used for social environments and propose a new concept called social rationalizability. The concept aims to identify the consequences of common knowledge of rationality and farsightedness within the framework of social environments. The set of socially rationalizable outcomes is shown to be non-empty for all social environments and it can be computed by an iterative reduction procedure. We introduce a definition of coalitional rationality for social environments and show that it is satisfied by social rationalizability
|Date of creation:||01 Nov 2001|
|Date of revision:|
|Contact details of provider:|| Postal: |
Fax: +32 10473945
Web page: http://www.uclouvain.be/ires
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Battigalli, Pierpaolo, 1996. "Strategic Rationality Orderings and the Best Rationalization Principle," Games and Economic Behavior, Elsevier, vol. 13(2), pages 178-200, April.
- J. J. Herings & A. Mauleon & V. Vannetelbosch, 2000.
THEMA Working Papers
2000-36, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Herings P. Jean-Jacques & Mauleon Ana & Vannetelbosch J., 2002. "Social Rationalizability," Research Memorandum 009, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Herings, P.J.J. & Mauleon, A. & Vannetelbosch, V., 2000. "Social Rationalizability," Discussion Paper 2000-81, Tilburg University, Center for Economic Research.
- Herings P. Jean-Jacques & Mauleon Ana & Vannetelbosch J., 2000. "Social Rationalizability," Research Memorandum 009, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Debraj Ray & Rajiv Vohra, 1996.
"A Theory of Endogenous Coalition Structure,"
0068, Boston University - Industry Studies Programme.
- Bernheim, B Douglas, 1984.
"Rationalizable Strategic Behavior,"
Econometric Society, vol. 52(4), pages 1007-28, July.
- Bloch, Francis, 1996. "Sequential Formation of Coalitions in Games with Externalities and Fixed Payoff Division," Games and Economic Behavior, Elsevier, vol. 14(1), pages 90-123, May.
- Perry, M. & Rany, P., 1992.
"A Non-Cooperative View of Coalition Formation and the Core,"
UWO Department of Economics Working Papers
9203, University of Western Ontario, Department of Economics.
- Perry, Motty & Reny, Philip J, 1994. "A Noncooperative View of Coalition Formation and the Core," Econometrica, Econometric Society, vol. 62(4), pages 795-817, July.
- Mariotti, Marco, 1997. "A Model of Agreements in Strategic Form Games," Journal of Economic Theory, Elsevier, vol. 74(1), pages 196-217, May.
- Licun Xue, 1998. "Coalitional stability under perfect foresight," Economic Theory, Springer, vol. 11(3), pages 603-627.
- Vincent J. Vannetelbosch & P. Jean-Jacques Herings, 1999.
"Refinements of rationalizability for normal-form games,"
International Journal of Game Theory,
Springer, vol. 28(1), pages 53-68.
- Herings, P.J.J. & Vannetelbosch, V., 1997. "Refinements of Rationalizability for Normal-Form Games," Discussion Paper 1997-03, Tilburg University, Center for Economic Research.
- HERINGS, Jean - Jacques & VANNETELBOSCH, Vincent, 1997. "Refinements of rationalizability for normal-form games," CORE Discussion Papers 1997002, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Greenberg, Joseph & Monderer, Dov & Shitovitz, Benyamin, 1996. "Multistage Situations," Econometrica, Econometric Society, vol. 64(6), pages 1415-37, November.
- Battigalli, Pierpaolo, 1997. "On Rationalizability in Extensive Games," Journal of Economic Theory, Elsevier, vol. 74(1), pages 40-61, May.
- Shimoji, Makoto & Watson, Joel, 1998. "Conditional Dominance, Rationalizability, and Game Forms," Journal of Economic Theory, Elsevier, vol. 83(2), pages 161-195, December.
- Chwe Michael Suk-Young, 1994. "Farsighted Coalitional Stability," Journal of Economic Theory, Elsevier, vol. 63(2), pages 299-325, August.
- Pearce, David G, 1984. "Rationalizable Strategic Behavior and the Problem of Perfection," Econometrica, Econometric Society, vol. 52(4), pages 1029-50, July.
When requesting a correction, please mention this item's handle: RePEc:ctl:louvir:2001028. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anne DAVISTER-LOGIST)
If references are entirely missing, you can add them using this form.