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    Individual choices are assessed on the basis of decision-... — Carmelics
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    Home/Moral Responsibility
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    Supports→The epistemic approach to game theory provides a bottom-up alternative to classical top-down game theory

    Individual choices are assessed on the basis of decision-theoretic choice rules

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    The epistemic approach to game theory focuses on the choices of individual decision makers in specific informational contexts, assessed on the basis of decision-theoretic choice rules. This is a bottom-up, as opposed to the classical top-down, approach. Early work in this paradigm include Bernheim (1984) and Pearce’s (1984) notion of rationalizability and Aumann’s derivation of correlated equilibrium from the minimal assumption that the players are “Bayesian rational” (Aumann 1987).

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