PIER Working Paper 09-021

On the Structure of Rationalizability for Arbitrary Spaces of Uncertainty, Second Version

by Antonio Penta

 

This note characterizes the set ∞ of actions of player ¡ that are uniquely rationalizable for some hierarchy of beliefs on an arbitrary space of uncertainty. It is proved that for any rationalizable action for the type , if belongs to ∞ and is justified by conjectures concentrated on A-¡∞, then there exists a sequence of types converging to for which is uniquely rationalizable.