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Equilibrium Play Without Mutual Knowledge of Rationality

Brandl, Florian et al.
arXiv (All) · Papers
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theoretical-economics
Equilibrium play in two-player zero-sum games is usually justified via epistemic assumptions, such as mutual knowledge of rationality and beliefs, that go far beyond the rationality of the players. We propose a justification that dispenses with these assumptions. To this end, we consider solution co
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