Rationalizability is a widely accepted solution concept in the study of strategic-form games with complete information and is fully characterized in terms of assumptions on the rationality of the players and common certainty of rationality.Battigalli and Siniscalchi extend rationalizability taking as given some exogenous restrictions on players' beliefs and derive the solution concept called ?-rationalizability. This new solution concept has been applied to games with incomplete information as well as dynamic games.On this note, I focus on games with incomplete information and characterize ?-rationalizability with a new notion of iterative dominance that is able to capture the additional hypothesis on players' beliefs.

Ed. by Cervellati, Matteo / Fong, Yuk-fai / Peeters, Ronald / Puzzello , Daniela / Rivas, Javier / Schipper, Burkhard
1 Issue per year
Increased IMPACT FACTOR 2011: 0.490
Issues
Volume 12 (2012)
Volume 11 (2011)
Volume 10 (2010)
Volume 9 (2009)
Volume 8 (2008)
Volume 7 (2007)
Volume 6 (2006)
Volume 5 (2005)
Volume 4 (2004)
Volume 3 (2003)
Volume 2 (2002)
Volume 1 (2001)
Most Downloaded Articles
- Ascending Auctions with Package Bidding by Ausubel, Lawrence M and Milgrom, Paul R
- Seller Cheap Talk in Almost Common Value Auction by LI, Daniel Zhiyun
- Antitrust Evaluation of Horizontal Mergers: An Economic Alternative to Market Definition by Farrell, Joseph and Shapiro, Carl
- Strategic Effects of Renegotiation-Proof Contracts by Gerratana, Emanuele and Koçkesen, Levent
- An Experimental Comparison of Sequential First- and Second-Price Auctions with Synergies by Leufkens, Kasper/ Peeters, Ronald and Vorsatz, Marc
A Note on Rationalizability and Restrictions on Beliefs
Giuseppe Cappelletti1
1Banca d’Italia, giuseppe.cappelletti@bancaditalia.it
Citation Information: The B.E. Journal of Theoretical Economics. Volume 10, Issue 1, Pages –, ISSN (Online) 1935-1704, DOI: 10.2202/1935-1704.1676, September 2010
Publication History:
- Published Online:
- 2010-09-19
Keywords: rationalizability; strategic-form game; incomplete information


















Comments (0)