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http://hdl.handle.net/10419/58384
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| Title: | | Dynamic unawareness and rationalizable behavior  |
| Authors: | | Heifetz, Aviad Meier, Martin Schipper, Burkhard C. |
| Issue Date: | | 2009 |
| Series/Report no.: | | Working Papers, University of California, Department of Economics 09,10 |
| Abstract: | | We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984) notion of extensive-form (correlated) rationalizability to this setting, explore its properties and prove existence. We define also a new variant of this solution concept, prudent rationalizability, which refines the set of outcomes induced by extensive-form rationalizable strategies. Finally, we define the normal form of a generalized extensive-form game, and characterize in it extensive-form rationalizability by iterative conditional dominance. |
| Subjects: | | unawareness extensive-form games extensive-form rationalizability prudent rationalizability iterative conditional dominance |
| JEL: | | C70 C72 D80 D82 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Department of Economics, UC Davis
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