Interim correlated rationalizability

Eddie Dekel; Drew Fudenberg; Stephen Morris

Interim correlated rationalizability

Eddie Dekel, Drew Fudenberg, Stephen Morris

Research output: Contribution to journal › Article › peer-review

Abstract

This paper proposes the solution concept of interim correlated rationalizability, and shows that all types that have the same hierarchies of beliefs have the same set of interim-correlated-rationalizable outcomes. This solution concept characterizes common certainty of rationality in the universal type space.

Original language	English (US)
Pages (from-to)	15-40
Number of pages	26
Journal	Theoretical Economics
Volume	2
Issue number	1
State	Published - Mar 2007

All Science Journal Classification (ASJC) codes

General Economics, Econometrics and Finance

Keywords

Common certainty
Common knowledge
Incomplete information
Rationalizability
Universal type space

Cite this

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abstract = "This paper proposes the solution concept of interim correlated rationalizability, and shows that all types that have the same hierarchies of beliefs have the same set of interim-correlated-rationalizable outcomes. This solution concept characterizes common certainty of rationality in the universal type space.",

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KW - Incomplete information

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KW - Universal type space

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Interim correlated rationalizability

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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