The robust selection of rationalizability

A-Tier
Journal: Journal of Economic Theory
Year: 2014
Volume: 151
Issue: C
Pages: 448-475

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose a notion of selecting rationalizable actions by perturbing players' higher-order beliefs, which we call robust selection. Similarly to WY selection [28], robust selection generalizes the idea behind the equilibrium selection in the email game [27] and the global game [3]. In contrast to WY selection, however, we require selection to be robust to misspecifications of payoffs. Robust selection is a strong notion in the sense that, among types with multiple rationalizable actions, “almost all” selections are fragile; but it is also a weak notion in the sense that any strictly rationalizable action can be robustly selected. We show that robust selection is fully characterized by the curb collection, a notion that generalizes the curb set in [2]. We also use the curb collection to characterize critical types [12] in any fixed finite game.

Technical Details

RePEc Handle
repec:eee:jetheo:v:151:y:2014:i:c:p:448-475
Journal Field
Theory
Author Count
3
Added to Database
2026-01-29