Heifetz, Aviad; Meier, Martin; Schipper, Burkhard - Economics Department, University of California-Davis - 2011
We define an extensive-form analogue of iterated admissibility, called Prudent Rationalizability (PR). In each round of the procedure, for each information set of a player a surviving strategy of hers is required to be rational vis-a-vis a belief system with a full-support belief on the...