Epistemic Foundations of Solution Concept in Game Theory: An Introduction
UC Davis Working Paper No. 97-21
Posted: 23 Jul 1997
Date Written: June 1997
We give an introduction to the literature on the epistemic foundations of solution concepts in game theory. Only normal-form games are considered. The solution concepts analyzed are rationalizability, strong rationalizability, correlated equilibrium and Nash equilibrium. The analysis is carried out locally in terms of properties of the belief hierarchies. Several examples are used throughout to illustrate definitions and concepts.
JEL Classification: C70
Suggested Citation: Suggested Citation