Possibility and permissibility

Kin Chung Lo

Mathematical Social Sciences, 2011, vol. 62, issue 2, 109-113

Abstract: We formulate the permissibility concept (Brandenburger, 1992) in terms of general preference, and prove that the solution concept characterizes rationality, caution, and common "belief" of rationality and caution.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:62:y:2011:i:2:p:109-113

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