Vannetelbosch, Vincent J. - Institut de Recherche Économique et Sociale (IRES), … - 1996
In normal-form games, rationalizability (Bernheim, 1984, Pearce, 1984) 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...