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We define and analyze a "strategic topology'' on types in the Harsanyi-Mertens-Zamir universal type space, where two types are close if their strategic behavior is similar in all strategic situations. For a fixed game and action define the distance between a pair of types as the difference...
Persistent link: https://www.econbiz.de/10011703019
This paper proposes the solution concept of interim correlated rationalizability, and shows that all types that have …
Persistent link: https://www.econbiz.de/10011702628
We de.ne and analyze a strategic topology on types in the Harsanyi-Mertens-Zamir universal type space, where two types are close if their strategic behavior is similar in all strategic situations. For a .xed game and action de.ne the distance be-tween a pair of types as the diþerence between...
Persistent link: https://www.econbiz.de/10010272319
In an important paper, Weinstein and Yildiz (2007) show that if players have an infinite depth of reasoning and this is commonly believed, types generically have a unique rationalizable action in games that satisfy a richness condition. We show that this result does not extend to environments...
Persistent link: https://www.econbiz.de/10010221860
Rationalizability is a central concept in game theory. Since there may be many rationalizable strategies, applications …
Persistent link: https://www.econbiz.de/10011855899
from introspection (in the spirit of rationalizability). I provide an epistemic definition of RCE and obtain a …
Persistent link: https://www.econbiz.de/10011686678
set of finite common-prior types is not. -- rationalizability ; incomplete information ; common knowledge ; universal type …
Persistent link: https://www.econbiz.de/10003780874
be similar in all strategic situations. To operationalize this idea, we adopt interim rationalizability as our solution …
Persistent link: https://www.econbiz.de/10014062515
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