Forward Induction Reasoning Revisited
by
Pierpaolo Battigalli
,
Amanda Friedenberg
| Citations: | 4 - 0 self |
BibTeX
@MISC{Battigalli_forwardinduction,
author = {Pierpaolo Battigalli and Amanda Friedenberg},
title = {Forward Induction Reasoning Revisited},
year = {}
}
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Abstract
Battigalli-Siniscalchi [8, 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 [9, 2003]. We conclude by applying the EFBRS concept to games of interest.
