Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun The condition of being
rationalizable
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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These common knowledge assumptions are the motivational basis for the solution concept for noncooperative games known as rationalizability, introduced independently by Bernheim (1984) and Pearce (1984).
Common Knowledge Vanderschraaf, Peter 2007
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To show that rationalizability is a nontrivial notion, consider the
Common Knowledge Vanderschraaf, Peter 2007
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However, the endogenous correlated equilibrium concept is a proper refinement of rationalizability, because the latter does not presuppose that condition (3. iii) holds with respect to the beliefs one's opponents actually have.
Common Knowledge Vanderschraaf, Peter 2007
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However, rationalizability becomes an unstable solution concept if the agents come to know more about one another.
Common Knowledge Vanderschraaf, Peter 2007
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Hence, the endogenous correlated equilibrium μ* restricts the set of strategies that the agents might follow, as do the Bayes concordant beliefs of rationalizability.
Common Knowledge Vanderschraaf, Peter 2007
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