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rationality, which we define axiomatically. Two axioms are considered. The first says that a player is irrational if she chooses a … rationality characterizes the iterated deletion of pure strategies that are strictly dominated by pure strategies. The second … that common knowledge of this stronger notion of rationality characterizes the restriction to pure strategies of the …
Persistent link: https://www.econbiz.de/10003728025
Within the class of structures introduced in [G. Bonanno, Axiomatic characterization of the AGM theory of belief revision in a temporal logic, Artificial Intelligence, 171 (2007), 144-160] we consider the subclass satisfying the property that, for every state-instant pair (omega,t), there is an...
Persistent link: https://www.econbiz.de/10003728039
We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984) notion of extensive-form (correlated) rationalizability to this setting, explore its properties and prove existence. We define also a new variant of this solution concept, prudent...
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In modern elections, ideologically motivated candidates with a wealth of information about individual voters and sophisticated campaign strategies are faced by voters who lack awareness of some political issues and are uncertain about the exact political positions of candidates. We study to what...
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goal of describing only the actual behavior of rational players. We investigate the notion of rationality in behavioral …
Persistent link: https://www.econbiz.de/10012668951
common belief in future rationality. The epistemic characterization we propose, although differently formulated, is …) counterfactuals. -- dynamic game ; imperfect information ; backward induction ; belief ; rationality ; behavioral model …
Persistent link: https://www.econbiz.de/10009743039