Interim correlated rationalizability

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.

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Year of publication:	2007-03-01
Authors:	Dekel, Eddie ; Fudenberg, Drew ; Morris, Stephen
Published in:	Theoretical Economics. - Econometric Society, ISSN 1555-7561. - Vol. 2.2007, 1, p. 15-40
Publisher:	Econometric Society
Subject:	Rationalizability \| incomplete information \| common certainty \| common knowledge \| universal type space

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C70 - Game Theory and Bargaining Theory. General ; C72 - Noncooperative Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005515732