Arts and Humanities
4 years ago

New study reveals how strong belief shapes rational behavior in games.

RePEc: Research Papers in Economics
Interactive Epistemology in Simple Dynamic Games with a Continuum of Strategies
Pierpaolo Battigalli, Gabriele Beneduci, Pietro Tebaldi

Paper Summary

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The article explores how people make decisions in games with many possible strategies. By analyzing different types of games, the researchers found that strong rationalizability accurately predicts how people behave when they believe in rationality. This means that in simple dynamic games, strong rationalizability reflects the effects of rationality and common strong belief in rationality.