Weak belief and permissibility

B-Tier
Journal: Games and Economic Behavior
Year: 2020
Volume: 120
Issue: C
Pages: 154-179

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We provide epistemic foundations for permissibility (Brandenburger, 1992), a strategic-form solution concept for finite games which coincides with the Dekel-Fudenberg procedure, i.e., the elimination of all weakly dominated strategies, followed by the iterated elimination of strictly dominated strategies. We show that permissibility characterizes the behavioral implications of “cautious rationality and common weak belief of cautious rationality” in the canonical, universal type structure for lexicographic beliefs. For arbitrary type structures, we show that the behavioral implications of these epistemic assumptions are characterized by the solution concept of full weak best response set, a weak dominance analogue of best response set (Pearce, 1984).

Technical Details

RePEc Handle
repec:eee:gamebe:v:120:y:2020:i:c:p:154-179
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25