Dynamic Unawareness and Rationalizable Behavior

Aviad Heifetz, Martin Meier and Burkhard C Schipper

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Unawareness; extensive-form games; extensive-form rationalizability; prudent rationalizability; iterative conditional dominance (search for similar items in EconPapers)
JEL-codes: C70 C72 D80 D82 (search for similar items in EconPapers)
Date: 2009-05-04
New Economics Papers: this item is included in nep-gth and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/15058/1/MPRA_paper_15058.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/18436/1/MPRA_paper_18436.pdf revised version (application/pdf)

Related works:
Journal Article: Dynamic unawareness and rationalizable behavior (2013)
Working Paper: Dynamic unawareness and rationalizable behavior (2011)
Working Paper: Dynamic Unawareness and Rationalizable Behavior (2009)
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:pra:mprapa:15058

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().