Lee, Byung Soo - Volkswirtschaftliche Fakultät, … - 2013
In this paper, we establish the Bayesian foundations of type structures in which beliefs are lexicographic probability … systems (LPS’s)—such as those used in Brandenburger et al. (2008)—rather than standard probability measures as in Mertens and … hierarchies is meaningful and the former has conceptual advantages. Type structures in which beliefs are conditional probability …