Weak assumption and iterative admissibility
نویسنده
چکیده
Brandenburger, Friedenberg, and Keisler [Econometrica 76 (2008), 307352] show that rationality and common assumption of rationality (RCAR) is impossible in a complete and continuous type structure. We show, by inroducing an alternative notion of “weak assumption”, that rationality and common weak assumption of rationality (RCWAR) is possible in a complete and continuous type structure. This possibility result provides an epistemic characterization for iterative admissibility.
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 158 شماره
صفحات -
تاریخ انتشار 2015