Forward induction reasoning revisited

Artikel

Battigalli and Siniscalchi (2002) formalize the idea of forward induction reasoning as "rationality and common strong belief of rationality" (RCSBR). Here, we study the behavioral implications of RCSBR across all type structures. Formally, we show that RCSBR is characterized by a solution concept we call Extensive Form Best Response Sets (EFBRS's). It turns out that the EFBRS concept is equivalent to a concept already proposed in the literature, namely Directed Rationalizability. (See Battigalli and Siniscalchi 2003.) We conclude by applying the EFBRS concept to games of interest.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 7 ; Year: 2012 ; Issue: 1 ; Pages: 57-98 ; New Haven, CT: The Econometric Society

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Noncooperative Games
• Thema: Epistemic game theory ; forward induction ; extensive form best response set ; directed rationalizability

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Battigalli, Pierpaolo ; Friedenberg, Amanda
• Ereignis: Veröffentlichung
• (wer): The Econometric Society
• (wo): New Haven, CT
• (wann): 2012

Weitere Informationen

• DOI: doi:10.3982/TE598
• Handle: http://hdl.handle.net/10419/150165
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ