Generic uniqueness and continuity of retionalizable strategies
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Author
Contributions
- Massachusetts Institute of Technology. Dept. of Economics - Contributor
Publication
2005 - Massachusetts Institute of Technology, Dept. of Economics, Cambridge, MA, Massachusetts
Language
English
Word Count
9,250 words, Guess
Page Count
37 pages
Identifiers
- Internet Archivegenericuniquenes00yild
- OCLC Control Number60570041
- Open LibraryOL24641729M
Description
For a finite set of actions and a rich set of fundamentals, consider the rationalizable actions on a universal type space, endowed with the usual product topology. (1) Generically, there exists a unique rationalizable action profile. (2) Every model can be approximately embedded in a dominance-solvable model. (3) A rationalizable strategy is continuous at a finite type if and only if there is a unique rationalizable action for that type. Keywords: higher-order uncertainty, rationalizability, universal type space, continuity. JEL Classifications: C72, C73.
Subjects
Series Statement
- Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 05-17
- Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 05-17.
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