The Positive Foundation of the Common Prior Assumption
نویسندگان
چکیده
منابع مشابه
The positive foundation of the common prior assumption
The existence of a common prior is a property of the state space used to model the players’ incomplete information. We show that this property is not just a technical artifact of the model, but that it is immanent to the players’ beliefs. To this end, we devise a condition, phrased solely in terms of the players’ mutual beliefs about the basic, objective issues of possible uncertainty, which is...
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Logical characterizations of the common prior assumption (CPA) are investigated. Two approaches are considered. The first is called frame distinguishability, and is similar in spirit to the approaches considered in the economics literature. Results similar to those obtained in the economics literature are proved here as well, namely, that we can distinguish finite spaces that satisfy the CPA fr...
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15 صفحه اولDivision of the Humanities and Social Sciences California Institute of Technology Pasadena, California 91125 the Positive Foundation of the Common Prior Assumption
The existence of a common prior is a property of the state space used to model the players' asymmetric information. We show that this property is not just a technical artifact of the model, but that it is immanent to the players' beliefs. To this end, we devise a condition, phrased solely in terms of the players' mutual beliefs about the basic, objective issues of possible uncertainty, which is...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2001
ISSN: 1556-5068
DOI: 10.2139/ssrn.275765