Before revision:  More generally, while we prove that dropping the genericity assumption does not change the relation between Point Rationalizability and URLers Rationalizability, we show that Wald and URLers Rationalizability are not comparable in their behavioral implications, and we shed light on why this difference emerges. Finally, we explore connections to strategic wishful thinking .
After revision:  More generally, while we prove that dropping the genericity assumption does not change the relation between Point Rationalizability and URLers Rationalizability, we show that Wald and URLers Rationalizability are not comparable in their behavioral implications, and we shed light on the appropriate notion of rationality in ordinal games; (iii) finally, with respect to pessimism, our analysis identifies Wald Rationalizability as the limit point of players becoming infinitely risk averse, hence, clarifying the conceptual underpinnings behind a discontinuity in the analysis of Rationalizability in presence of varying risk attitudes hinted in Weinstein (2016) .