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- W2005957100 abstract "For dynamic games we consider the idea that a player, at every stage of the game, will always believe that his opponents will choose rationally in the future. This is the basis for the concept of common belief in future rationality, which we formalize within an epistemic model. We present an iterative procedure, backward dominance, that proceeds by eliminating strategies from the game, based on strict dominance arguments. We show that the backward dominance procedure selects precisely those strategies that can rationally be chosen under common belief in future rationality if we would not impose (common belief in) Bayesian updating." @default.
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- W2005957100 date "2014-01-01" @default.
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- W2005957100 title "Belief in the opponentsʼ future rationality" @default.
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- W2005957100 doi "https://doi.org/10.1016/j.geb.2013.11.008" @default.
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