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- W1596260025 abstract "The game-theoretic assumption of ‘common knowledge of rationality’ leads to paradoxes when rationality is represented in a Bayesian framework as cautious expected utility maximization with independent beliefs (ICEU). We diagnose and resolve these paradoxes by presenting a new class of formal models of players’ reasoning in which the analogue of common knowledge is provability in common reason. We show that a range of standards of decision-theoretic practical rationality can be assumed without inconsistency to be provable in common reason in models of this class. We investigate the implications arising when the standard of decision-theoretic rationality so assumed is ICEU." @default.
- W1596260025 created "2016-06-24" @default.
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- W1596260025 date "2005-09-01" @default.
- W1596260025 modified "2023-09-27" @default.
- W1596260025 title "Common reasoning in games: a resolution of the paradoxes of ‘common knowledge of rationality’" @default.
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