Question
Consider a normal form game in which player 1 has two strategies, A1, B1, and player 2 has two strategies, A2, B2. Suppose that A1
Consider a normal form game in which player 1 has two strategies, A1, B1, and player 2 has two strategies, A2, B2. Suppose that A1 is the best response to A2 and A2 is a best response to A1. Do we know whether A1 is rationalizable?
Hint:
If you can't figure out the answer immediately, try some concrete examples of 2 x 2 games with payoffs that you make up.
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Microeconomics
Authors: Christopher T.S. Ragan, Richard G Lipsey
14th canadian Edition
321866347, 978-0321866349
