Heifetz, Aviad; Kets, Willemien - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 415-465
Rationalizability is a central concept in game theory. Since there may be many rationalizable strategies, applications commonly use refinements to obtain sharp predictions. In an important paper, Weinstein and Yildiz (2007) show that no refinement is robust to perturbations of high-order...