Directed lexicographic rationalizability

Nicodemo De Vito

Economics Letters, 2023, vol. 227, issue C

Abstract: Using lexicographic probability systems as representations of players’ beliefs, we define the solution procedure of directed lexicographic rationalizability. We show that the procedure characterizes the family of self-admissible sets (Brandenburger et al., 2008) in finite games. A corollary of this result is that comprehensive rationalizability (Heifetz et al., 2019) yields a self-admissible set.

Keywords: Lexicographic probability systems; Infinitely more likely; Rationalizability; Self-admissible sets (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176523001593
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:227:y:2023:i:c:s0165176523001593

DOI: 10.1016/j.econlet.2023.111134

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().