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2007•RePEc: Research Papers in EconomicsOpen access

Interim Correlated Rationalizability

Eddie Dekel, Drew Fudenberg, Stephen Morris

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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.

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What this paper is about

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.

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OpenAlex reports 168 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available 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.

Key concepts: Rationalizability, Interim, Rationality, Mathematical economics, Set (abstract data type), Certainty, Space (punctuation), Type (biology)

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