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 …

In this paper we study common belief of rationality in strategic-form games with ordinal utilities, employing a …

goal of describing only the actual behavior of rational players. We investigate the notion of rationality in behavioral …

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 …