. Iterative admissibility also provides predictions for every finite level of reasoning about rationality. Overall we observe …

rationality) when this may be observed by one's opponent. We present a model in which the strategic environment determines which … kind of rule rationality is adopted by the players. We apply the model to characterize the induced rules and outcomes in … various interesting environments. Finally, we show the close relations between act rationality and “Stackelberg stability” (no …

explicit the role of knowledge about rationality of players, not only that of payoff functions. For this purpose, we use an … bound order of mutual knowledge of rationality. This result implies that under common knowledge of rationality, the …