The Order Independence of Iterated Dominance in Extensive Games, with Connections to Mechanism Design and Backward Induction
Shimoji and Watson (1998) prove that a strategy of an extensive game is rationalizable in the sense of Pearce if and only if it survives the maximal elimination of conditionally dominated strategies. Briefly, this process iteratively eliminates conditionally dominated strategies according to a speci...
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2012
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| Online Access: | http://hdl.handle.net/1721.1/71953 |