Possibility and permissibility

Kin Chung Lo

Working Papers from York University, Department of Economics

Abstract: We generalize permissibility (Brandenburger, 1992) to allow for any suitably defined model of preference and definition of possibility. We also prove that the generalized solution concept characterizes rationality, caution, and “common belief" of rationality and caution.

JEL-codes: C72 D81 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2009-09
New Economics Papers: this item is included in nep-gth and nep-upt
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http://dept.econ.yorku.ca/research/workingPapers/w ... 20permissibility.pdf

Related works:
Journal Article: Possibility and permissibility (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:yca:wpaper:2009_01

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