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The rationalizability concept was introduced in Bernheim [Ber84] and Pearce [Pea84] to assess what can be inferred by rational players in a non-cooperative game in the presence of common knowledge. However, this notion can be defined in a number of ways that differ in seemingly unimportant minor...
Persistent link: https://www.econbiz.de/10014589120
We establish a generic result concerning order independence of a dominance relation on finite games. It allows us to draw conclusions about order independence of various dominance relations in a direct and simple way.
Persistent link: https://www.econbiz.de/10008784423
It is well-known that in finite strategic games true common belief (or common knowledge) of rationality implies that the players will choose only strategies that survive the iterated elimination of strictly dominated strategies. We establish a general theorem that deals with monotonic...
Persistent link: https://www.econbiz.de/10008682971