Finite Order Implications of Common Priors1
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چکیده
I characterize the implications of the common prior assumption for finite orders of beliefs about beliefs at a state and show that in finite models, the only such implications are those stemming from the weaker assumption of a common support. More precisely, given any finite N and any finite partitions model where priors have the same support, there is another finite partitions model with common priors which has the same nth order beliefs and knowledge for all n ≤ N .
منابع مشابه
Approximately Common Priors1
I show that if one is only interested in local results — that is, theorems about what is true at a state — which only depend on finitely many orders of beliefs about beliefs, then the common prior assumption is essentially irrelevant. More precisely, given any model where priors have the same support and any finite N, there is another model with common priors which has the same nth order belief...
متن کاملFinite Order Implications of Common Priors in Infinite Models
Lipman [2003] shows that in a finite model, the common prior assumption has weak implications for finite orders of beliefs about beliefs. In particular, the only such implications are those stemming from the weaker assumption of a common support. To explore the role of the finite model assumption in generating this conclusion, this paper considers the finite order implications of common priors ...
متن کاملFinite Order Implications of Common Priors in Infinite Models1
Lipman [2003] shows that in a finite model, the common prior assumption has weak implications for finite orders of beliefs about beliefs. In particular, the only such implications are those stemming from the weaker assumption of a common support. To explore the role of the finite model assumption in generating this conclusion, this paper considers the finite order implications of common priors ...
متن کاملFinite Order Implications of Common Priors
I characterize the implications of the common prior assumption for finite orders of beliefs about beliefs at a state and show that in finite models, the only such implications are those stemming from the weaker assumption of a common support. More precisely, given any finite N and any finite partitions model where priors have the same support, there is another finite partitions model with commo...
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تاریخ انتشار 2003