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)|
|Number of pages||26|
|State||Published - Mar 1 2007|
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)