Rationalizability in large games

B-Tier
Journal: Economic Theory
Year: 2014
Volume: 55
Issue: 2
Pages: 457-479

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

This paper characterizes both point-rationalizability and rationalizability in large games when societal responses are formulated as distributions or averages of individual actions. The sets of point-rationalizable and rationalizable societal responses are defined and shown to be convex, compact and equivalent to those outcomes that survive iterative elimination of never best responses, under point-beliefs and probabilistic beliefs, respectively. Given the introspection and mentalizing that rationalizability notions presuppose, one motivation behind the work is to examine their viability in situations where the terms rationality and full information can be given a more parsimonious, and thereby a more analytically viable, expression. Copyright Springer-Verlag Berlin Heidelberg 2014

Technical Details

RePEc Handle
repec:spr:joecth:v:55:y:2014:i:2:p:457-479
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29