characterizes common certainty of rationality in the universal type space. …

common certainty of rationality …

given problem is framed. Thus, real world agents are only, it is said, capable of a bounded rationality, using rules of … thumb and various heuristics (sometimes helpful, sometimes not) rather than the fully fledged maximizing rationality that is … normative account of rationality that animates rational choice theory, and not just the positive account that is criticized by …

the consequences of common knowledge of rationality and farsightedness. In a social environment several coalitions may and … show that social rationalizability with mediation does not necessarily satisfy coalitional rationality when the number of …

Theoretically, this work relaxes the rationality behind IESDS in the normal-form game and Backward Induction in the … extensive-form game, namely common p-believe in rationality in the normal-form game and common p-belief in the opponent’s future … rationality in the extensive-form game. Exper- imentally, this work uses the experimental data from Masaki, Guillaume, and Sevgi …

common knowledge of rationality in the universal type space …

The literary source of the main ideas in Aumann's article "Backward Induction and Common Knowledge of Rationality" is …