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EconStor
Article . 2012
License: CC BY NC
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Forward induction reasoning revisited

Authors: BATTIGALLI, PIERPAOLO; A. Friedenberg;

Forward induction reasoning revisited

Abstract

Battigalli and Siniscalchi (2002) formalize the idea of forward induction reasoning as "rationality and common strong belief of rationality" (RCSBR). Here, we study the behavioral implications of RCSBR across all type structures. Formally, we show that RCSBR is characterized by a solution concept we call Extensive Form Best Response Sets (EFBRS's). It turns out that the EFBRS concept is equivalent to a concept already proposed in the literature, namely Directed Rationalizability. (See Battigalli and Siniscalchi 2003.) We conclude by applying the EFBRS concept to games of interest.

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Italy
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Keywords

C72, directed rationalizability, ddc:330, Epistemic game theory, forward induction, extensive form best response set, directed rationalizability, Epistemic Game Theory; Forward Induction; Extensive Form Best Response Set; Directed Rationalizability, extensive form best response set, Epistemic game theory, forward induction, jel: jel:C72

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
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