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Department of Economics, Stockholm University Research Papers in Economics, Department of Economics, Stockholm University

No 2000:6:
Amissibility and Common Belief

Geir B. Asheim () and Martin Dufwenberg

Abstract: The concept of ‘fully permissible sets ’ is defined by an algorithm that eliminate strategy subset . It is characterized as choice sets when there is common certain belief of the event that each player prefer one strategy to another if and only if the former weakly dominate the latter on the sets of all opponent strategie or on the union of the choice sets that are deemed possible for the opponent. the concept refines the Dekel-Fudenberg procedure and captures aspects of forward induction.

Keywords: Admissibility; Denkel-Fudenberg; common belief; (follow links to similar papers)

JEL-Codes: C72; (follow links to similar papers)

28 pages, February 29, 2000

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