Bayesian coalitional rationalizability
In this paper we extend Ambrus's [A. Ambrus, Coalitional rationalizability, Quart. J. Econ. 121 (2006) 903-929] concept of "coalitional rationalizability (c-rationalizability)" to situations where, in seeking mutually beneficial interests, players in groups (i) make use of Bayes' rule in expectation calculations and (ii) contemplate various deviations, i.e., the validity of deviation is checked against any arbitrary sets of strategies, and not just only against restricted subsets of strategies. We offer an alternative notion of Bayesian c-rationalizability suitable for such complex social interactions. We show that Bayesian c-rationalizability possesses nice properties similar to those of conventional rationalizability.
Year of publication: |
2009
|
---|---|
Authors: | Luo, Xiao ; Yang, Chih-Chun |
Published in: |
Journal of Economic Theory. - Elsevier, ISSN 0022-0531. - Vol. 144.2009, 1, p. 248-263
|
Publisher: |
Elsevier |
Subject: | Bayesian c-rationalizability Iterated c-dominance |
Saved in:
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