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 language | English |
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Pages (from-to) | 876-883 |
Number of pages | 8 |
Journal | Journal of Economic Theory |
Volume | 144 |
Issue number | 2 |
DOIs | |
Publication status | Published - Mar 2009 |