Herings, P.J.J.; Vannetelbosch, V. - Tilburg University, Center for Economic Research - 1997
In normal-form games, rationalizability (Bernheim [3], Pearce [11]) on its own fails to exclude some very implausible … strategy choices. Three main refinements of rationalizability have been proposed in the literature: cautious, perfect, and … proper rationalizability. Nevertheless, some of these refinements also fail to eliminate unreasonable outcomes and suffer …