Definition:
In a noncooperative game, a strategy of player i is rationalizable iff it is a best response to a possible set of actions of the other players, where
those actions are best responses given beliefs that those other players might
have.
By rationalizable we mean that i's strategy can be justified in terms of the other players choosing best responses to some beliefs (subjective probability distributions) that they may be conjectured to have.
Nash strategies are rationalizable.
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