Theoretical Economics

Journal of the Econometric Society

Edited by: Federico Echenique • ISSN (e): 1555-7561 • ISSN (print): 1933-6837

Theoretical Economics: Oct, 2015, Volume 10, Issue 3

Rationalizable partition-confirmed equilibrium

https://doi.org/10.3982/TE1362
p. 775-806

Drew Fudenberg, Yuichiro Kamada

Rationalizable partition-confirmed equilibrium (RPCE) describes the steady state
outcomes of rational learning in extensive-form games, when rationality is common knowledge and players observe a partition of the terminal nodes. RPCE allows players to make inferences about unobserved play by others. We discuss the implications of this using numerous examples, and discuss the relationship of RPCE to other solution concepts in the literature.


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