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The seminal no betting theorem on the equivalence of common priors and absence of agreeable bets obtains only over compact state spaces. We show here that this equivalence can be generalised to any infinite space if we expand the set of priors to include probability charges as priors. Going...
Persistent link: https://www.econbiz.de/10012387271
The notion of common prior is well-understood and widely-used in the incomplete information games literature. For ordinary type spaces the common prior is defined. Pinter and Udvari (2011) introduce the notion of generalized type space. Generalized type spaces are models for various bonded...
Persistent link: https://www.econbiz.de/10011111219
The notion of common prior is well-understood and widely-used in the incomplete information games literature. For ordinary type spaces the common prior is defined. Pinter and Udvari (2011) introduce the notion of generalized type space. Generalized type spaces are models for various bonded...
Persistent link: https://www.econbiz.de/10009325601
The seminal no betting theorem on the equivalence of common priors and absence of agreeable bets obtains only over compact state spaces. We show here that this equivalence can be generalised to any infinite space if we expand the set of priors to include probability charges as priors. Going...
Persistent link: https://www.econbiz.de/10012309033
Persistent link: https://www.econbiz.de/10015049658
Persistent link: https://www.econbiz.de/10013462927