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It is shown that one cannot always construct a definition of players' information in the manner of Bonanno (1992) or Battigalli and Bonanno (1997) which conveys true information, is consistent with existing information sets and expresses maximum information
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It is argued that if an out-of-equilibrium player observing a deviation from a presumed strategically stable path of play believes that a player also observing the deviation is more likely to deviate than a player who does not observe the deviation then it is possible to justify, in some...
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