Belief hierarchies in standard state space models and epistemic equivalence of belief spaces
AbstractIn this paper we formalize the notion of lexicographic belief hierarchies in standard partitional models (Aumann, 1976). We introduce the notion of epistemic equivalence between two belief space, and show that the state space representation of lexicographic belief hierarchies is equivalent to the usual type-space approach, even when the latter induces lexicographic belief hierarchies which violate mutual singularity.
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Bibliographic InfoPaper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number 048.
Date of creation: 2010
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Web page: http://www.maastrichtuniversity.nl/web/UMPublications.htm
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-30 (All new papers)
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