@inbook{f7766a7fa2bf4fcfa3756148cf267edb,

title = "Rationalizability and Correlated Equilibria",

abstract = "We discuss the unity between the two standard approaches to noncooperative solution concepts for games. The decision-Theoretic approach starts from the assumption that the rationality of the players is common knowledge. This leads to the notion of correlated rationalizability. It is shown that correlated rationalizability is equivalent to a posteriori equilibrium-a refinement of subjective correlated equilibrium. Hence a decision-Theoretic justification for the equilibrium approach to game theory is provided. An analogous equivalence result is proved between independent rationalizability, which is the appropriate concept if each player believes that the others act independently, and conditionally independent a posteriori equilibrium. A characterization of Nash equilibrium is also provided.",

keywords = "correlated equilibrium, independence, Nash equilibrium, Rationalizability, subjective and common priors",

author = "Adam Brandenburger and Eddie Dekel",

note = "Publisher Copyright: {\textcopyright} 2014 World Scientific Publishing Co. Pte. Ltd.",

year = "2023",

month = sep,

day = "1",

doi = "10.1142/9789814513449_0003",

language = "אנגלית",

series = "World Scientific Series in Economic Theory",

publisher = "World Scientific",

pages = "43--57",

editor = "Adam Brandenburger",

booktitle = "World Scientific Series in Economic Theory",

address = "ארצות הברית",

}