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Persistent link: https://www.econbiz.de/10010460319
Aumann and Drèze (2008) characterised the set of interim expected payoffs that players may have in rational belief systems, in which there is common knowledge of rationality and a common prior. We show here that common knowledge of rationality is not needed: when rationality is satisfied in the...
Persistent link: https://www.econbiz.de/10010730386
To answer the question in the title we vary agentsʼ beliefs against the background of a fixed knowledge space, that is, a state space with a partition for each agent. Beliefs are the posterior probabilities of agents, which we call type profiles. We then ask what is the topological size of the...
Persistent link: https://www.econbiz.de/10011049847
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