Rationalizability and mixed strategies in large games

C-Tier
Journal: Economics Letters
Year: 2018
Volume: 162
Issue: C
Pages: 153-156

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

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

Abstract

We show that in large games with a finite set of actions in which the payoff of a player depends only on her own action and on an aggregate value that we call the (aggregate) state of the game, which is obtained from the complete action profile, it is possible to define and characterize the sets of (Point-)Rationalizable States in terms of pure and mixed strategies. We prove that the (Point-)Rationalizable States sets associated to pure strategies are equal to the sets of (Point-)Rationalizable States associated to mixed strategies. By example we show that, in general, the Point-Rationalizable States sets differ from the Rationalizable States sets.

Technical Details

RePEc Handle
repec:eee:ecolet:v:162:y:2018:i:c:p:153-156
Journal Field
General
Author Count
1
Added to Database
2026-01-25