Generic uniqueness and continuity of retionalizable strategies

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Generic uniqueness and continuity of retionalizable strategies

For a finite set of actions and a rich set of fundamentals, consider the rationalizable actions on a universal type space, endowed with the usual product topology. (1) Generically, there exists a unique rationalizable action profile. (2) Every model can be approximately embedded in a dominance-solvable model. (3) A rationalizable strategy is continuous at a finite type if and only if there is a unique rationalizable action for that type. Keywords: higher-order uncertainty, rationalizability, universal type space, continuity. JEL Classifications: C72, C73.

Publish Date
Language
English
Pages
37

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Cover of: Generic uniqueness and continuity of retionalizable strategies
Generic uniqueness and continuity of retionalizable strategies
2005, Massachusetts Institute of Technology, Dept. of Economics
in English

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Edition Notes

"May 6, 2005."

Includes bibliographical references (p. 36-37).

Abstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.

Published in
Cambridge, MA
Series
Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 05-17, Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 05-17.

The Physical Object

Pagination
37 p. ;
Number of pages
37

Edition Identifiers

Open Library
OL24641729M
Internet Archive
genericuniquenes00yild
OCLC/WorldCat
60570041

Work Identifiers

Work ID
OL15721700W

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