Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
956998 | Journal of Economic Theory | 2009 | 8 Pages |
Abstract
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.
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Authors
José Alvaro Rodrigues-Neto,