From posteriors to priors via cycles

José Alvaro Rodrigues-Neto*

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    9 Citations (Scopus)

    Abstract

    We present new necessary and sufficient conditions for checking if a set of players' posteriors may come from a common prior. A simple diagrammatic device calculates the join and meet of players' knowledge partitions. Each cycle in the diagram has a corresponding cycle equation. Posteriors are consistent with a common prior if and only if all cycle equations are satisfied. We prove that in games of two players, where the join partition has only singletons, a common prior exists if each player's distribution of beliefs over the elements of her opponent's partition is independent of her own private information. Crown

    Original languageEnglish
    Pages (from-to)876-883
    Number of pages8
    JournalJournal of Economic Theory
    Volume144
    Issue number2
    DOIs
    Publication statusPublished - Mar 2009

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