Germano, Fabrizio; Zuazo-Garin, Peio - Department of Economics and Business, Universitat … - 2015
Economic predictions are highly sensitive to model and informational specifications. Weinstein and Yildiz (2007) show that, in static games with incomplete information, only very weak predictions, namely, the interim correlated rationalizable (ICR) actions, are robust to higher-order belief...