Universality of the Epstein-Wang type structure
AbstractWe prove that the type structure constructed in [Epstein, L., Wang, T., 1996. 'Belief about belief' without probabilities. Econometrica 64, 1343-1373] is a universal/terminal type structure into which every suitably regular type structure can be embedded. Moreover, it is unique up to a homeomorphism and every belief-complete type space can be mapped onto the universal one. We also show how our results help understand connections among several existing constructions.
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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 68 (2010)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/locate/inca/622836
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- Jayant V. Ganguli & Aviad Heifetz, 2012. "Universal interactive preferences," Economics Discussion Papers 722, University of Essex, Department of Economics.
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