On the concepts of rationalizability in games

On the concepts of rationalizability in games

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Article ID: iaor20012476
Country: Netherlands
Volume: 97
Issue: 1
Start Page Number: 55
End Page Number: 68
Publication Date: Dec 2000
Journal: Annals of Operations Research
Authors:
Abstract:

Rationalizability arises when the decision situations and rational behaviors of the players are common knowledge among them. We extend the notion of rationalizability, introduced by Bernheim and Pearce for Bayesian behavior, to some another kinds of player's behavior. We also present a representation of common knowledge consisting in introducing an additional player who sends messages to the players.

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