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Lecture 4: Rationalizability (14.12)

Professor

1:21:50·2026·undergraduate level

This lecture introduces rationalizability, a concept defining the set of strategies that rational players might choose given common knowledge of rationality. It explores how iterative elimination of strictly dominated strategies identifies rationalizable actions.

MIT 14.12 Economic Applications of Game Theory, Fall 2025

Instructor: Ian Ball

View the complete course: https://ocw.mit.edu/courses/14-12-economic-applications-of-game-theory-fall-2025/

YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63quuKvMHCt3cmTmt0O2qpv

Seminar notes & discussion

No public seminar notes on this lecture yet.