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rationalizability

Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun The condition of being rationalizable

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

rationalize +‎ -ability

Examples

  • 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

  • To show that rationalizability is a nontrivial notion, consider the

    Common Knowledge

  • 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

  • However, rationalizability becomes an unstable solution concept if the agents come to know more about one another.

    Common Knowledge

  • 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

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