| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5071979 | Games and Economic Behavior | 2012 | 24 Pages |
Abstract
⺠We introduce a new solution concept called iterated regret minimization (IRM). ⺠In many games, IRM exhibits the same qualitative behavior as observed in experiments. ⺠IRM involves the iterated deletion of strategies that do not minimize regret. ⺠An epistemic characterization of IRM is provided.
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Authors
Joseph Y. Halpern, Rafael Pass,