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Interim correlated rationalizability

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  • ,

    (Northwestern University and Tel Aviv University)

  • ,

    (Harvard University)

  • ,

    (Princeton University)

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.

Suggested Citation

  • , & , & ,, 2007. "Interim correlated rationalizability," Theoretical Economics, Econometric Society, vol. 2(1), pages 15-40, March.
    • Handle: RePEc:the:publsh:140
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    References listed on IDEAS

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    More about this item

    Keywords

    Rationalizability; incomplete information; common certainty; common knowledge; universal type space;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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