Robust multiplicity with a grain of naiveté
Rationalizability is a central concept in game theory. Since there may be many rationalizable strategies, applications commonly use refinements to obtain sharp predictions. In an important paper, Weinstein and Yildiz [2007] show that no refinement is robust to perturbations of high-order beliefs. W...
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| Format: | Journal article |
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Econometric Society
2018
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