Possibilistic Beliefs and Higher-Level Rationality
We consider rationality and rationalizability for normal-form games of incomplete information in which the players have possibilistic beliefs about their opponents. In this setting, we prove that the strategies compatible with the players being level-k rational coincide with the strategies surviving...
Main Authors: | , , |
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Other Authors: | |
Published: |
2014
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Online Access: | http://hdl.handle.net/1721.1/87727 |
Summary: | We consider rationality and rationalizability for normal-form games of incomplete information in which the players have possibilistic beliefs about their opponents. In this setting, we prove that the strategies compatible with the players being level-k rational coincide with the strategies surviving a natural k-step iterated elimination procedure. We view the latter strategies as the (level-k) rationalizable ones in our possibilistic setting. |
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