Iterated expectations, compact spaces, and common priors
نویسنده
چکیده
Article history: Received 20 June 2007 Available online 31 July 2010 JEL classification: C70 D82
منابع مشابه
The Hebrew University of Jerusalem
We show that the no betting characterisation of the existence of common priors over finite type spaces extends only partially to improper priors in the countably infinite state space context: the existence of a common prior implies the absence of a bounded agreeable bet, and the absence of a common improper prior implies the existence of a bounded agreeable bet. However, a type space that lacks...
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We show that the no betting characterisation of the existence of common priors over finite type spaces extends only partially to improper priors in the countably infinite state space context: the existence of a common prior implies the absence of a bounded agreeable bet, and the absence of a common improper prior implies the existence of a bounded agreeable bet. However, a type space that lacks...
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ورودعنوان ژورنال:
- Games and Economic Behavior
دوره 72 شماره
صفحات -
تاریخ انتشار 2011