Conservative belief and rationality

B-Tier
Journal: Games and Economic Behavior
Year: 2013
Volume: 80
Issue: C
Pages: 186-192

Authors (2)

Halpern, Joseph Y. Pass, Rafael (not in RePEc)

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

Playersʼ beliefs may be incompatible, in the sense that player i can assign probability 1 to an event E to which player j assigns probability 0. One way to block incompatibility is to assume a common prior. We consider here a different approach: we require playersʼ beliefs to be conservative, in the sense that all players must ascribe the actual world positive probability. We show that common conservative belief of rationality (CCBR) characterizes strategies in the support of a subjective correlated equilibrium where all playersʼ beliefs have common support. We also define a notion of strong rationalizability, and show that it is characterized by CCBR.

Technical Details

RePEc Handle
repec:eee:gamebe:v:80:y:2013:i:c:p:186-192
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25