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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書目詳細資料
Main Authors: Heifetz, A, Kets, W
格式: Journal article
出版: Econometric Society 2018