کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
956998 928503 2009 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
From posteriors to priors via cycles
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
From posteriors to priors via cycles
چکیده انگلیسی

We present new necessary and sufficient conditions for checking if a set of players' posteriors may come from a common prior. A simple diagrammatic device calculates the join and meet of players' knowledge partitions. Each cycle in the diagram has a corresponding cycle equation. Posteriors are consistent with a common prior if and only if all cycle equations are satisfied. We prove that in games of two players, where the join partition has only singletons, a common prior exists if each player's distribution of beliefs over the elements of her opponent's partition is independent of her own private information.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 144, Issue 2, March 2009, Pages 876–883
نویسندگان
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